Housing News

Washington- The month of June is now commemorated as National Homeownership Month by President Biden. The Bidden-Harris administration urges HUD to expand equity and opportunity through homeownership education.

HUD is launching “Let’s Make Home the Goal”, a campaign to generate awareness among people of the availability of housing counseling provided by HUD-certified counselors. The campaign is meant for the communities of color that have faced difficulties when buying homes in the past due to systematic barriers. The campaign is expected to reach 1 Million homebuyers in 13 states via advertising, events, and announcements.

Besides this, HUD’s Secretary, Marcia L. Fudge is hosting the house party on June 10 in National Mall. It is an event to showcase HUD’s commitment to helping more and more Americans get a home. Interested individuals and families can join this event featuring food, live music, and financial education.

HUD’s Secretary, Marcia L. Fudge said, “I want everyone in this country who desires to own a home of their own to have access to the resources and tools they need. This National Homeownership Month, we will reflect on the importance of homeownership as a tool for wealth-building and stability for American families”.

Fudge believes that one of the best ways to bridge the gap in keeping people away from acquiring homes is by providing them with housing counseling. The primary source of wealth for families in the U.S. is homeownership. The U.S. Census data reveals that the homeownership rate for Black Americans is 30 points less than that of White Americans. Consequently, HUD is committed to increasing housing assistance programs and removing barriers for low-income homebuyers. Such actions by HUD will assist individuals and families to attain stability and build wealth.

Federal Housing Commissioner, Julia Gordon says, “The Office of Housing Counseling is excited to launch ‘Let’s Make Home the Goal’ and connect buyers with the housing counseling services that can help to equip them with the confidence and knowledge necessary to become successful homeowners”.

The potential buyers are better prepared to make decisions that will change the course of their family but only when they have a firm financial literacy and access to homebuyer education.