Presidential Document2023-12060
National Homeownership Month, 2023
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 5, 2023
Signed
May 31, 2023
Issuing agencies
Executive Office of the President
Full Text
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<title>Federal Register, Volume 88 Issue 107 (Monday, June 5, 2023)</title>
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[Federal Register Volume 88, Number 107 (Monday, June 5, 2023)]
[Presidential Documents]
[Pages 36453-36454]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-12060]
Presidential Documents
Federal Register / Vol. 88 , No. 107 / Monday, June 5, 2023 /
Presidential Documents
[[Page 36453]]
Proclamation 10592 of May 31, 2023
National Homeownership Month, 2023
By the President of the United States of America
A Proclamation
During National Homeownership Month, we recognize the
power of owning a home when raising a family, planting
roots in a community, building equity, and passing down
generational wealth to continue the American Dream for
generations to come. We recognize that a place to call
home, regardless of owning or renting, is essential to
a life of security, dignity, and hope.
That is why my Administration is committed to removing
barriers to homeownership. During the COVID-19
pandemic, when mortgage payments became harder to make
and rents rose 26 percent nationally, my Administration
took action to ensure people could stay in their homes.
We extended foreclosure moratoriums for millions of
households, provided financial relief for homeowners
who had fallen behind on their mortgage payments,
delivered nearly 11 million emergency rental assistance
payments, developed the first ever national
infrastructure to stop eviction, and provided 70,000
emergency housing vouchers. To build on this progress,
we recently awarded more than 19,000 new Housing Choice
Vouchers--the largest expansion of flexible rental
assistance in 20 years.
We are taking additional steps to make housing more
affordable. Over the past decades, rising prices have
forced people to spend more than 30 percent of their
incomes on housing in many places around the country,
too often locking Americans out of the prospect of
buying a home altogether. In February, the Department
of Housing and Urban Development (HUD) made annual
mortgage insurance premiums cheaper, saving Americans
with Federal Housing Administration (FHA)-insured
mortgages an average of $800 per year. The FHA also
made it easier for first-time homebuyers to qualify for
mortgage financing by allowing underwriters to take
into account positive rental history to determine
creditworthiness. And HUD is making it easier for
Americans to access resources that help with
homeownership, foreclosure avoidance and eviction,
financial literacy, financial planning, and more.
At the same time, we are hard at work implementing our
Housing Supply Action Plan with a goal of addressing
and eliminating the root causes of the affordable
housing shortfall by 2027. That includes making it
easier to build mixed-income housing using Low-Income
Housing Tax Credits. We have helped housing projects
build multifamily homes by making more affordable
financing options available. And with the historic
investments through my Bipartisan Infrastructure Law,
we are making low-interest loans available to
developers and State, local, Tribal, and territorial
governments to build new housing close to public
transit locations. The law will also connect
communities with vital resources like water and high-
speed internet that increase home values and a tax base
to fund important things like local schools.
Today, across America, there is a historic number of
affordable, multifamily units currently under
construction. And my Fiscal Year 2024 Budget calls for
$175 billion to build on this progress. It would
provide down payment assistance to first-time, first-
generation homebuyers--helping to make a key part of
the American Dream a reality. It would create a new tax
credit
[[Page 36454]]
to directly support building or renovating affordable
homes for low- or middle-income buyers. It would also
help State and local governments fight restrictive
zoning laws and other red tape that stalls new
construction and drives up housing prices. Further, my
Budget includes provisions to prevent evictions and
bring us closer to our goal of reducing homelessness by
25 percent by 2025.
These actions go hand-in-hand with our work to combat
racial discrimination in housing, including everything
from ending the legacy of redlining to addressing the
cruel fact that a home owned by a Black family is too
often undervalued compared to the same kind of home
owned by a white family. The Fair Housing Act bans
discrimination against renters or potential buyers on
the basis of race, but studies show that many Americans
are still denied equal treatment in the housing market.
That is why the Department of Justice and HUD are
cracking down on discrimination and why my
Administration is taking bold action to root out bias
in the appraisal process.
I have often said that the middle class is not just a
number--it is a value set. It is about the issues that
matter to every American family: a good education;
economic opportunity; and access to quality, affordable
health care. Having a safe, decent, and affordable
place to call home is a key part of that.
NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of
the United States of America, by virtue of the
authority vested in me by the Constitution and the laws
of the United States, do hereby proclaim June 2023 as
National Homeownership Month. I call upon the people of
this Nation to safeguard the American Dream by ensuring
that everyone has access to an affordable home in a
community of their choice.
IN WITNESS WHEREOF, I have hereunto set my hand this
thirty-first day of May, in the year of our Lord two
thousand twenty-three, and of the Independence of the
United States of America the two hundred and forty-
seventh.
<GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT>
(Presidential Sig.)
[FR Doc. 2023-12060
Filed 6-2-23; 8:45 am]
Billing code 3395-F3-P
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</html>Indexed from Federal Register on June 5, 2023.
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