Homeownership Month? Who knew?
By admin | June 4, 2007
In case you missed the memo, June is Homeownership Month. Alphonso Jackson, Secretary of the U.S. Department of Housing and Urban Development will speak at a press conference today to kick off the month. Secretary Jackson plans to address the need to educate consumers on the home buying process, helping out those that have found their way into trouble, and point out the significance the bill to modernize the FHA could be a safe alternative to subprime mortgages.
“Throughout this month-long campaign we are taking our message of promoting and protecting homeownership to communities nationwide,” said Jackson. “All Americans should have the opportunity to achieve the dream of buying a home - and once they do, we want to ensure they stay in it. Educating families about the homebuying process and helping those homeowners who may have hit a bump in the road is critical to ensuring a house remains both a home and a secure and stable investment.”
The theme of this year’s celebration is “Promoting and Protecting Homeownership” and is designed to encourage first-time homebuying and educate current homeowners on the responsibilities that come with homeownership.
HUD’s FHA programs have helped more than 34 million since the program started in 1934. The modernization of the FHA is seeking to increase loan limits to reflect the rise in current housing costs which will provide a safer alternative to a subprime loan.
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