June Has Been Declared Home Ownership Month
Today, the U.S. Department of Housing and Urban Development (HUD) joined President Joe Biden to celebrate June as the 22nd Annual National Homeownership Month. During National Homeownership Month, HUD is proud to double down on its ongoing leadership and commitment to helping Americans achieve the dream of homeownership and to supporting the stability and economic well-being of individuals and families across the nation.
HUD Acting Secretary Shared this Statement
Homeownership is the way many people in the U.S. build wealth, but the dream of owning a home of one’s own feels out of reach for many Americans, especially people of color, young people, and people with low incomes who face historical and financial barriers to homeownership. Our goal is to help people purchase homes they can afford, including starter homes.
The U.S. Department of Housing and Urban Development has taken decisive action to expand access to homeownership by supporting housing counseling and down payment assistance, reducing barriers for those with student loan debt, allowing positive rental history to impact someone’s chances of obtaining an FHA-insured mortgage, and lowering mortgage insurance premiums on FHA mortgages.
Taken together, these strategic policy changes have helped millions of people become homeowners, including 2.5 million first-time homebuyers. But we know there is more to do. That’s why, this National Homeownership Month, HUD is doubling down on its work to advance homeownership opportunities for all who want them.
Read the Presidential Proclamation to learn more about National Homeownership Month. For more information about federal and states programs. For more information Click HERE.
