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 Proc. 8154 Title 3--The President Proclamation 8154 of June 1, 2007 Nafiona] Homeownership Month, 2007 By the President o/the United States o/America A Proclamation Owning a home is part of the American dream, and National Homeowner- ship Month is an opportunity to encourage our citizens to explore the bene- fits 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 of- fice in 200% The Department of Housing and Urban Development is con- tinuing to enforce the Fair Housing Act to confront housing discrimination and advance equal housing opportunities for everyone. We are also work- ing with the Congress to modernize the Federal Housing Administration in order to better provide safe, fair, and 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 thou- sands of low to moderate income and minority families with the downpay- ment 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 opportuni- ties. 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 ]une 2007 as National Home- ownership Month. I call upon the people of the United States to ioin me in recognizing the importance of homeownership and building a more pros- perous future. IN WITNESS WHEREOF, I have hereunto set my hand this first day of ]une, 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 68

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