,,iv  #aafth ,,congress  #b;d ,session  
,h4 ,,res4 #ajbe  ,,in ,,the ,,house    
,,of ,,representatives  ,june #bf1      
#bjbj,mr4 ,clay submitted the following 
resolution2 which was referred to the   
,committee on ,financial ,services      
,,resolution  ,expressing support for   
the designation of ,june as ,national   
,homeownership ,month1 honoring the     
critical importance of increased        
homeownership to overall affordable     
housing goals1 and acknowledging the    
necessity of using comprehensive        
resources within the legislative and    
policy toolbox1 together with vital     
public-private partnerships1 to allow   
communities across the ,united ,states  
to provide access to safe and secure    
housing for all ,americans1 regardless  
of income level1 while promoting        
diversity consistent with the ideal of  
the ,american ,dream during the time of 
the ,,covid-#ai pandemic4  ,whereas for 
over #hj years it has been the policy of
 the ,united ,states to promote the     

general welfare of the ,nation by       
employing its funds and credit to assist
 ,states and localities to remedy unsafe
 housing conditions and the acute       
shortage of decent and safe dwellings   
for low income families under the       
,united ,states ,housing ,act of #aicg2 
,whereas the ,house of ,representatives1
 which has over a period of many years  
endeavored to address housing and       
homeownership1 and has had some success 
in doing so through related             
appropriations and authorizing          
legislation1 has committed itself to    
meeting the affordable housing and      
community development needs of the      
country2 ,whereas the disparate impact  
standard under the ,fair ,housing ,act  
is a longstanding protection that allows
 people to challenge policies that might
 seem neutral on their face but result  
in discriminatory outcomes2 ,whereas a  
government-sponsored corporation1 the   
,homeowners ,loan ,corporation 7,,holc71
 established in #aicc1 implemented a    

system of redlining for years that rated
 neighborhoods based on a number of     
factors1 including race2 ,whereas1 in   
#aiaa1 a ,st4 ,louis1 ,missouri1        
neighborhood enacted a racially         
restrictive covenant designed to prevent
 ,african ,americans and ,asian         
,americans from living in the area and  
in #aide the ,shelleys1 an              
,african-,american family1 moved into   
the neighborhood prompting ,louis       
,kraemer to sue to enforce the covenant 
and prevent them from moving into their 
house1 resulting in a ,supreme ,court   
decision that although restrictive      
covenants did not fall under            
constitutional protection1 ,state       
enforcement of such covenants violates  
the ,equal ,protection ,clause of the   
,fourteenth ,amendment2 ,whereas the    
,national ,association of ,real ,estate 
,boards1 which became the ,national     
,association of ,realtors1 had harmful  
racial discrimination as part of its    
ethics code2 ,whereas prior to the      

passage of the ,fair ,housing ,act in   
#aifh1 ,federal1 ,state1 and local      
governments actively and explicitly     
enforced policies that discriminated    
against racial minorities seeking       
homeownership opportunities1 making it  
harder for them to purchase homes in    
certain neighborhoods or to obtain      
financing on fair terms1 and during much
 of the #bjth century1 ,state and local 
governments promoted segregation in     
neighborhoods across the ,nation by     
actively enforcing racially restrictive 
covenants1 which were legally           
enforceable provisions in property deeds
 that prohibited racial minorities from 
purchasing homes in ,white residential  
neighborhoods2 ,whereas during the      
height of the foreclosure crisis1 about 
a quarter of ,african-,american and     
,latino homeowners had lost their homes 
to foreclosure or were seriously        
delinquent1 compared to just under #ab  
percent for ,white homeowners and just  
under #ad percent for ,asian-,american  

homeowners1 and by #bjaa1 #be percent of
 ,black homeowners and #bh percent of   
,hispanic homeowners had underwater     
mortgages1 a home purchase loan with a  
higher outstanding principal obligation 
than the fair-market value of the home1 
compared to just #ae percent of ,white  
homeowners2 ,whereas a ,national ,fair  
,housing ,alliance report in ,december  
#bjai found an #hg-percent rate of      
racial steering1 perverse redlining1 and
 other harrowing forms of discrimination
 for families seeking to purchase homes 
in #ab cities across the ,united        
,states2 ,whereas #bjah ,census ,bureau 
data found the homeownership rate was   
#gc percent for non-,hispanic ,white    
households1 #db percent for             
,african-,american households1 #dg      
percent for ,hispanic or ,latinx        
households1 and #eh percent for ,asian  
or ,native ,hawaiian_/,pacific ,islander
 households1 and in the past #ae years1 
,black homeownership has seen the most  
dramatic drop of any racial or ethnic   

group and it is now as low as it was    
when discrimination was legal1          
contributing to the racial wealth gap2  
,whereas a #bjaf ,,demos study found    
that eliminating disparities in         
homeownership rates and returns would   
substantially reduce the racial wealth  
gap2 ,whereas the #bjaf ,,demos study   
found that ,black and ,latino homeowners
 saw less return in wealth on their     
investment in homeownership1 finding    
that for every #a in wealth that accrues
 to median ,black households as a result
 of homeownership1 median ,white        
households accrue #a4cd1 while for every
 #a in wealth that accrues to median    
,latino households as a result of       
homeownership1 median ,white households 
accrue #a4ed2 ,whereas the ,center for  
,responsible ,lending testified in ,may 
#bjai to the ,subcommittee on ,housing1 
,community ,development and ,insurance  
of the ,financial ,services ,committee  
of the ,house of ,representatives that  
data from the ,home ,mortgage           

,disclosure ,act continues to           
demonstrate low levels of conventional  
mortgage loans to ,african-,american and
 ,latino families and1 further1 the     
,center for ,investigative ,reporting   
,reveal report analyzed #ca million     
mortgage records and found that1 in #fa 
metropolitan areas in the ,united       
,states1 ,african ,americans and        
,latinos are more likely to be turned   
down for a conventional mortgage        
application than similarly situated     
,white borrowers1 among other forms of  
invidious discrimination2 and ,whereas  
equal access to homeownership           
opportunities enhances social and       
economic diversity1 promotes inclusion1 
and reaffirms equality and is consistent
 with principles of capitalism3 ,now1   
therefore1 be it ,that the ,house of    
,representatives supports the           
designation of ,national ,homeownership 
,month and honors the importance of the 
sacrosanct and uniquely ,american idea  
of homeownership4