Presidential Documents

31591

Federal Register

Vol. 63, No. 111

Wednesday, June 10, 1998

Title 3—

The President

Proclamation 7104 of June 5, 1998

National Homeownership Week, 1998

By the President of the United States of America

A Proclamation

Homeownership has always been the foundation of the American Dream.

Generations of Americans have worked hard and set aside their savings

so that they might enjoy the security and stability of owning their own

home. The partnership forged between the Federal Government and the

private sector during this century has succeeded in bringing that dream

closer to reality for all our citizens.

The National Housing Act, which President Franklin Roosevelt signed into

law more than 60 years ago, made homeownership available to millions

of families who previously could not have afforded to buy their own homes.

The G.I. Bill of Rights extended the opportunity of homeownership to a

whole new generation of Americans, enabling millions of our service men

and women to start a new life in their own homes.

Building on this legacy, in 1995 I convened the National Partners in Homeownership—a coalition of 139 community-based local partnerships and 65

national groups representing the housing industry, lenders, nonprofit organizations, and all sectors of government—to dramatically increase homeownership opportunity in America. And my Administration’s economic strategy

to reduce the deficit, invest in our people, and open foreign markets has

led to lower mortgage rates, more jobs, and higher family incomes. Thanks

to the success of our strategy and the efforts of the National Partners in

Homeownership, we now have the highest homeownership rate in America’s

history.

Our Nation’s commitment to homeownership has brought us extraordinary

rewards, invigorating the construction and related industries, creating new

jobs, and enhancing our prosperity. The next generation of American homes

will also improve our environment. The new partnership I recently launched

with America’s building industry—the Partnership for Advancing Technology

in Housing—will dramatically improve the energy efficiency of new homes,

reducing the greenhouse gases that cause global warming and cutting homeowners’ energy bills. Most important, homeownership has encouraged millions of Americans to save and invest, to take pride in their neighborhoods,

and to take an active, responsible role in the life of their communities.

NOW, THEREFORE, I, WILLIAM J. CLINTON, 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 June 7 through June

13, 1998, as National Homeownership Week. I urge all Americans to observe

this week with appropriate programs, ceremonies, and activities that celebrate

the rewards of homeownership.
31592 Federal Register / Vol. 63, No. 111 / Wednesday, June 10, 1998 / Presidential Documents

IN WITNESS WHEREOF, I have hereunto set my hand this fifth day of

June, in the year of our Lord nineteen hundred and ninety-eight, and of

the Independence of the United States of America the two hundred and

[FR Doc. 98–15601

Filed 6–9–98; 8:45 am]

Billing code 3195–01–P

twenty-second.

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