[Weekly Compilation of Presidential Documents Volume 43, Number 22 (Monday, June 4, 2007)]
[Pages 734-735]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Proclamation 8154--National Homeownership Month, 2007

 June 1, 2007

 By the President of the United States

 of America

 A Proclamation

    Owning a home is part of the American dream, and National 
Homeownership Month is an opportunity to encourage our citizens to 
explore the benefits of owning a home.
    Owning a home provides a source of security and stability for many 
of our citizens. My Administration is committed to fostering an 
ownership society and helping more Americans realize the great promise 
of our country. Today, nearly 70 percent of Americans own their homes, 
and the rate of minority homeownership has climbed to above 50 percent 
since I took office in 2001. The Department of Housing and Urban 
Development is continuing to enforce the Fair Housing Act to confront 
housing discrimination and advance equal housing opportunities for 
everyone. We are also working with the Congress to modernize the Federal 
Housing Administration in order to better provide safe, fair, and

[[Page 735]]

affordable mortgages to first-time homeowners, minorities, and 
individuals with less than perfect credit. In addition, the American 
Dream Downpayment Act of 2003 is helping thousands of low to moderate 
income and minority families with the downpayment and closing costs on 
their homes. My Administration also continues to support more funding 
for the Self-Help Homeownership Opportunity Program and the HOME 
Investment Partnership Program, which provide low-income citizens and 
minorities with more homeownership opportunities.
    During National Homeownership Month and throughout the year, I urge 
citizens to consider homeownership opportunities in their communities, 
and I applaud American homeowners for helping fuel the economy.
    Now, Therefore, I, George W. Bush, President of the United States of 
America, by virtue of the authority vested in me by the Constitution and 
laws of the United States, do hereby proclaim June 2007 as National 
Homeownership Month. I call upon the people of the United States to join 
me in recognizing the importance of homeownership and building a more 
prosperous future.
    In Witness Whereof, I have hereunto set my hand this first day of 
June, in the year of our Lord two thousand seven, and of the 
Independence of the United States of America the two hundred and thirty-
first.
                                                George W. Bush

 [Filed with the Office of the Federal Register, 8:55 a.m., June 4, 
2007]

Note: This proclamation will be published in the Federal Register on 
June 5.