URBAN ECONOMIC POLICY

TRANSPORTATION AND COMMUNICATIONS

JOBS, EDUCATION
AND THE WORKFORCE


INTERNATIONAL AFFAIRS

HEALTH AND
HUMAN SERVICES

ENERGY AND ENVIRONMENT

CRIMINAL AND SOCIAL JUSTICE

COMMUNITY DEVELOPMENT AND HOUSING
Preserving Section 8 Housing
Celebrating the 25th Anniversary of the
Community Development
Block Grant (CDBG) Program

Community
Reinvestment Act (CRA)

The Shelter Plus Care Program
Section 202/811 Gap Funding
Federal Home Loan
Banks

Sunset of Hope VI Program
Housing for the Elderly
Celebrating Homeownership Week
The Historic Homeownership Assistance Act
Public Insurance
Funding for
Empowerment Zones and Strategic Planning
Communities

Housing and Community Development Committee Resolution on the President's FY2000 Budget for the Department of Housing and Urban Development

ARTS, CULTURE AND RECREATION

MISCELLANEOUS

USCM HOME

RESOLUTIONS INDEX

COMMUNITY DEVELOPMENT AND HOUSING

CELEBRATING HOMEOWNERSHIP WEEK

WHEREAS, the second week in June is designated as National Homeownership Week; and

WHEREAS, the homeownership rate is the highest in the nation’s history, with over 69.8 million families own their own homes, a 7.8 million increase since 1993; and

WHEREAS, in 1999 for the first time in history more than 50% of urban residents own their own homes; and

WHEREAS, despite a record homeownership rate of 66.3% in 1998, much lower rates prevail for minorities, especially for African American households (46.1%) and Hispanics (44.7%), and these gaps are only partly accounted for by differences in income, age, and other socioeconomic factors; and

WHEREAS, the Administration has proposed a series of actions to increase the homeownership rate for minorities and city residents,

NOW, THEREFORE, BE IT RESOLVED that in celebration of Homeownership Week, the U.S. Conference of Mayors strongly supports Administration efforts to increase homeownership, including:

    Lowering Federal Housing Administration (FHA) premiums for FHA mortgages in cities, Participation in the "Million Homes" project jointly sponsored with the U.S. Conference of Mayors and the National Association of Homebuilders, Increasing the affordable housing lending goals for Government Sponsored Enterprises (GSE’s)to effectively expand lending to low-, moderate- and middle-income borrowers and underserved neighborhoods. Expanding efforts such as the Officers Next Door program, and the Teachers Next Door which provide discounts on HUD homes in city neighborhoods for police officers and teachers.

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