,,iv  #aaf? ,,congress  #b;d ,session   
,h4 ,,res4 #ajbe  ,,9 ,,! ,,h\se ,,(    
,,repres5tatives  ,june #bf1 #bjbj,mr4  
,clay submitt$ ! foll[+ resolution2 :i* 
0 ref]r$ to ! ,committee on ,f9ancial   
,s]vices  ,,resolution  ,express+       
support = ! designation ( ,june z       
,national ,home[n]%ip ,mon?1 honor+ !   
critical importance ( increas$          
home[n]%ip to ov]all af=dable h\s+      
goals1 & ackn[l$g+ ! necessity ( us+    
compreh5sive res\rces )9 ! legislative &
 policy toolbox1 toge!r ) vital         
public-private p>tn]%ips1 to all[       
communities across ! ,unit$ ,/ates to   
provide access to safe & secure h\s+ =  
all ,am]icans1 reg>dless ( income level1
 :ile promot+ div]sity consi/5t ) !     
ideal ( ! ,am]ican ,dream dur+ ! "t ( ! 
,,covid-#ai p&emic4  ,:]eas = ov] #hj   
ye>s x has be5 ! policy ( ! ,unit$      
,/ates to promote ! g5]al welf>e ( !    
,nation by employ+ its funds & cr$it to 
assi/ ,/ates & localities to rem$y      
unsafe h\s+ conditions & ! acute %ortage

 ( dec5t & safe dwell+s = l[ income     
families "u ! ,unit$ ,/ates ,h\s+ ,act (
 #aicg2 ,:]eas ! ,h\se (                
,repres5tatives1 :i* has ov] a p]iod (  
_m ye>s endeavor$ to address h\s+ &     
home[n]%ip1 & has _h "s success 9 do+ s 
?r\gh relat$ appropriations & au?oriz+  
legislation1 has committ$ itself to     
meet+ ! af=dable h\s+ & community       
developm5t ne$s ( ! c\ntry2 ,:]eas !    
disp>ate impact /&>d "u ! ,fair ,h\s+   
,act is a long/&+ protection t all[s p  
to *all5ge policies t might seem neutral
 on _! face b result 9 discrim9atory    
outcomes2 ,:]eas a gov]nm5t-sponsor$    
corporation1 ! ,home[n]s ,loan          
,corporation 7,,holc71 e/abli%$ 9 #aicc1
 implem5t$ a sy/em ( r$l9+ = ye>s t rat$
 neighborhoods bas$ on a numb] (        
factors1 includ+ race2 ,:]eas1 9 #aiaa1 
a ,/4 ,l\is1 ,miss\ri1 neighborhood     
enact$ a racially re/rictive cov5ant    
design$ to prev5t ,african ,am]icans &  
,asian ,am]icans f liv+ 9 ! area & 9    
#aide ! ,%elleys1 an ,african-,am]ican  

family1 mov$ into ! neighborhood prompt+
 ,l\is ,kraem] to sue to en=ce ! cov5ant
 & prev5t !m f mov+ into _! h\se1       
result+ 9 a ,supreme ,c\rt decision t   
al?\gh re/rictive cov5ants did n fall "u
 con/itutional protection1 ,/ate        
en=cem5t ( su* cov5ants violates !      
,equal ,protection ,clause ( ! ,f\rte5? 
,am5dm5t2 ,:]eas ! ,national            
,association ( ,real ,e/ate ,bo>ds1 :i* 
became ! ,national ,association (       
,realtors1 _h h>mful racial             
discrim9ation z "p ( its e?ics code2    
,:]eas prior to ! passage ( ! ,fair     
,h\s+ ,act 9 #aifh1 ,f$]al1 ,/ate1 &    
local gov]nm5ts actively & explicitly   
en=c$ policies t discrim9at$ aga9/      
racial m9orities seek+ home[n]%ip       
opportunities1 mak+ x h>d] = !m to      
pur*ase homes 9 c]ta9 neighborhoods or  
to obta9 f9anc+ on fair t]ms1 & dur+ mu*
 ( ! #bj? c5tury1 ,/ate & local         
gov]nm5ts promot$ segregation 9         
neighborhoods across ! ,nation by       
actively en=c+ racially re/rictive      

cov5ants1 :i* 7 legally en=ceable       
provisions 9 prop]ty de$s t prohibit$   
racial m9orities f pur*as+ homes 9 ,:ite
 resid5tial neighborhoods2 ,:]eas dur+ !
 height ( ! =eclosure crisis1 ab\t a    
qu>t] ( ,african-,am]ican & ,lat9o      
home[n]s _h lo/ _! homes to =eclosure or
 7 s]i\sly del9qu5t1 comp>$ to j "u #ab 
p]c5t = ,:ite home[n]s & j "u #ad p]c5t 
= ,asian-,am]ican home[n]s1 & by #bjaa1 
#be p]c5t ( ,black home[n]s & #bh p]c5t 
( ,hispanic home[n]s _h und]wat]        
mortgages1 a home pur*ase loan ) a high]
 out/&+ pr9cipal obligation ?an !       
fair-m>ket value ( ! home1 comp>$ to j  
#ae p]c5t ( ,:ite home[n]s2 ,:]eas a    
,national ,fair ,h\s+ ,alliance report 9
 ,decemb] #bjai f\nd an #hg-p]c5t rate (
 racial /e]+1 p]v]se r$l9+1 & o!r h>r[+ 
=ms ( discrim9ation = families seek+ to 
pur*ase homes 9 #ab cities across !     
,unit$ ,/ates2 ,:]eas #bjah ,c5sus      
,bureau data f\nd ! home[n]%ip rate 0   
#gc p]c5t = non-,hispanic ,:ite         
h\seholds1 #db p]c5t = ,african-,am]ican

 h\seholds1 #dg p]c5t = ,hispanic or    
,lat9x h\seholds1 & #eh p]c5t = ,asian  
or ,native ,hawaiian_/,pacific ,isl&]   
h\seholds1 & 9 ! pa/ #ae ye>s1 ,black   
home[n]%ip has se5 ! mo/ dramatic drop (
 any racial or e?nic gr\p & x is n[ z l[
 z x 0 :5 discrim9ation 0 legal1        
contribut+ to ! racial weal? gap2 ,:]eas
 a #bjaf ,,demos /udy f\nd t elim9at+   
disp>ities 9 home[n]%ip rates & returns 
w\ld sub/antially r$uce ! racial weal?  
gap2 ,:]eas ! #bjaf ,,demos /udy f\nd t 
,black & ,lat9o home[n]s saw less return
 9 weal? on _! inve/m5t 9 home[n]%ip1   
f9d+ t = e #a 9 weal? t accrues to m$ian
 ,black h\seholds z a result (          
home[n]%ip1 m$ian ,:ite h\seholds accrue
 #a4cd1 :ile = e #a 9 weal? t accrues to
 m$ian ,lat9o h\seholds z a result (    
home[n]%ip1 m$ian ,:ite h\seholds accrue
 #a4ed2 ,:]eas ! ,c5t] = ,responsible   
,l5d+ te/ifi$ 9 ,may #bjai to !         
,subcommittee on ,h\s+1 ,community      
,developm5t & ,insurance ( ! ,f9ancial  
,s]vices ,committee ( ! ,h\se (         

,repres5tatives t data f ! ,home        
,mortgage ,disclosure ,act cont9ues to  
demon/rate l[ levels ( conv5tional      
mortgage loans to ,african-,am]ican &   
,lat9o families &1 fur!r1 ! ,c5t] =     
,inve/igative ,report+ ,reveal report   
analyz$ #ca million mortgage records &  
f\nd t1 9 #fa metropolitan areas 9 !    
,unit$ ,/ates1 ,african ,am]icans &     
,lat9os are m likely to be turn$ d[n = a
 conv5tional mortgage application ?an   
simil>ly situat$ ,:ite borr[]s1 among   
o!r =ms ( invidi\s discrim9ation2 &     
,:]eas equal access to home[n]%ip       
opportunities enhances social & economic
 div]sity1 promotes inclusion1 &        
reaffirms equality & is consi/5t )      
pr9ciples ( capitalism3 ,n[1 !re=e1 be x
 ,t ! ,h\se ( ,repres5tatives supports !
 designation ( ,national ,home[n]%ip    
,mon? & honors ! importance ( !         
sacrosanct & uniquely ,am]ican idea (   
home[n]%ip4