Glenn Thompson: “June is National Homeownership Month, and it is the time when we celebrate and recognize the many benefits of owning a…”

“June is National Homeownership Month, and it is the time when we celebrate and recognize the many benefits of owning a home. For generations of Americans, owning a home has been an essential element in achieving the American Dream. But since the Great Recession, we have seen homeownership rates dip to historic lows. Young families often find themselves unable to save for a down payment or gain access to adequate credit, and that is especially true for those living in rural areas. The U.S. Department of Agriculture places emphasis on helping rural Americans buy homes. USDA provides mortgage loan guarantees through partnerships with private-sector lenders to help low- to moderate- income rural home buyers. USDA has helped more than 4.4 million rural residents buy homes since the National Housing Act was passed 70 years ago. Mr. Speaker, homeownership has widespread benefits: It fortifies communities, creates jobs, and strengthens the local businesses that support our towns. I thank USDA for its commitment to providing affordable housing for rural Americans. By helping hardworking Americans achieve this dream, it provides a strong foundation for more prosperous rural communities. ____________________”