HRES312JUL1

TheWeekInCongress.com

Week Ending July 1, 2005

House Resolution 312 Recognizing National Homeownership Month and the importance of homeownership in the United States.

BRIEF

Statistics tells Congress that Homeownership in the US has reached a high of 69.1 percent of which is included more than half of the nation’s minority families.

The Resolution recognizes the importance of the great American dream of home ownership.

Sponsor: Representative Gay G. Miller (CA-42^nd)

Vote: Passed House by voice vote

Cost to the taxpayers: No discernible cost.

MORE INFORMATION

Whereas the President of the United States has issued a proclamation designating the month of June 2005 as National Homeownership Month;

Whereas the national homeownership rate in the United States has reached a record high of 69.1 percent and more than half of all minority families are homeowners;

Whereas the people of the United States are one of the best-housed populations in the world;

Whereas owning a home is a fundamental part of the American dream and is the largest personal investment many families will ever make;

Whereas homeownership provides economic security for homeowners by aiding them in building wealth over time and strengthens communities through a greater stake among homeowners in local schools, civic organizations, and churches;

Whereas improving homeownership opportunities requires the commitment and cooperation of the private, public, and nonprofit sectors, including the Federal Government and State and local governments; and

Whereas the current laws of the United States, such as the American Dream Downpayment Act, encourage homeownership and should continue to do so in the future: Now, therefore, be it

Resolved, That the House of Representatives--

(1) fully supports the goals and ideals of National Homeownership Month; and

(2) recognizes the importance of homeownership in building strong communities and families.

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