THE WHITE HOUSE
Office of the Press Secretary
_______________________________________________________________________
For Immediate Release October 26,
2000
STATEMENT BY THE PRESIDENT
Today, I am proud to announce that our nation has broken a new record.
According to the Department of Housing and Urban Development, America has
reached its highest homeownership rates ever. This is tremendous new
evidence that more and more American families are realizing the dream of
owning their own home. Higher homeownership rates help build stronger
families, create more stable communities, and raise living standards for
all Americans.
Vice-President Gore and I came to office committed to a strategy to
make it easier for American families to buy their own homes. By providing
record levels of homeownership loan assistance, increasing the availability
of affordable housing, providing incentives to save for a home purchase,
and maintaining our commitment to fiscal discipline that has kept interest
rates low, we have worked to ensure that every family has the opportunity
to own their own home. I would like to particularly thank Vice-President
Gore and Secretary Cuomo for their excellent leadership in working with
families, especially in low-income and empowerment communities, to help
make homeownership a reality.
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