Statement by the President: America Reaches Highest Homeownership Rates Ever (10/26/00)
                              THE WHITE HOUSE

                       Office of the Press Secretary

For Immediate Release                                          October 26,

                        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.


President and First Lady | Vice President and Mrs. Gore
Record of Progress | The Briefing Room
Gateway to Government | Contacting the White House | White House for Kids
White House History | White House Tours | Help
Privacy Statement


Site Map

Graphic Version

T H E   W H I T E   H O U S E