Did you know that June is National Homeownership Month? This is a great time to celebrate and recognize being a homeowner or striving to achieve homeownership. Choosing to become a homeowner is an impactful decision that is very rewarding, but following through may take a lot of blood, sweat, and tears. In this article we will discuss what National Homeownership means along with a brief history of what makes this month special to so many people.
How Did National Homeownership Month Start?
Ok, so you're probably wondering how National Homeownership Month started. Back in 1995, it started out as National Homeownership Week, a strategy from President Clinton’s administration to increase homeownership across the nation, which efforts improved awareness and support of homeownership. This led to the year 2002, in which President George W. Bush expanded the observance to the entire month of June.
Recently an article from U.S. Department of Housing and Urban Development quoted past President Donald J. Trump on National Homeownership Month: “For generations, homeownership has sustained and empowered Americans. Recently, we have been reminded that our homes are central to our health, our independence, and the well-being of our families. In response to the coronavirus outbreak, millions of Americans have transformed their homes into safe havens, virtual workplaces, classrooms, and, most importantly, places to nurture hopes and dreams for the future. During National Homeownership Month, we acknowledge the many benefits of secure and affordable homeownership.”
Also, it’s a time to celebrate the benefits that homeownership brings to families, neighborhoods, and communities across America. National Homeownership Month is a spotlight on supporting the American Dream of owning a home, and a time to recognize the organizations that help individuals and families to achieve their homeownership goals. It reflects and commemorates the U.S. Department of Housing and Urban Development and Federal Housing Administration to the realtors, financial and housing counselors, and assistance programs that all play a part in helping first-time homebuyers make their dream come true.
National Homeownership Month Is For Everyone
National Homeownership Month is also a great month to set a goal toward homeownership. Did you know that about 85% of non-homebuyers aspire to own a home? So, if you don’t own a home, it’s a great opportunity to prepare and set yourself up for the responsibilities and challenges along the way. This way when you’re ready to buy a house it will actually become a home instead of a financial burden.
In conclusion, National Homeownership Month is a time that everyone can enjoy and celebrate. It’s an opportunity to achieve memories that last a lifetime and wealth that can reflect generations. So, let’s all take the month of June to celebrate homeownership whether you’re a current homeowner or on the path to homeownership.
Visit our website and learn more about how Chenoa Fund, powered by CBC Mortgage Agency, can provide down payment assistance to access the right home mortgage. See how you can celebrate homeownership every day and make your dream a reality with lenders and real estate agents that are Chenoa Fund compliant.
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