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Trump Issues National Homeownership Month Declaration

Phil Hall
Jun 02, 2017
The U.S. Department of Housing & Urban Development (HUD) has announced joint policy actions designed to reduce its risk profile from cash-out refinance lending

President Trump may be going in a very different direction from his predecessor with his withdrawal from the Paris Climate Agreement, but he is following the presidential tradition of recognizing June as National Homeownership Month.
 
In a declaration issued by the White House, the President praised homeownership’s values and promised to “recommit to ensuring that hard-working Americans enjoy a fair chance at becoming homeowners.” But he also recognized the challenges that face the housing market today.
 
“In the years since the Great Recession, homeownership rates have dipped to historic lows,” the presidential statement said. “Many Americans are not confident they will ever own a home, a tragic consequence of a decade of weak economic growth, excessive regulations, and stagnant wages. Many young families are unable to achieve the independence they desire because they have difficulty saving for a downpayment, overcoming regulatory burdens, or gaining access to adequate credit. These challenges are even more pronounced for minorities, whose homeownership rates remain substantially below those of their fellow Americans. I am committed to helping hard-working Americans become homeowners.”
 
President Trump added that his Administration was “working with the Congress on a pro-growth agenda of reducing rules and regulations, cutting taxes, and eliminating unnecessary government spending. These policies will unshackle our economy and create and sustain high-paying jobs so that more Americans have the resources and freedom they deserve to fulfill their American Dream.”

 
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