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Homeownership Bus Touring the Country

In celebration of National Homeownership Month and the Bush Administration’s “Blueprint for the American Dream” initiative to increase homeownership among minorities, the “Homeownership Express” bus may soon be arriving at a town near you.

A national bus tour promoting housing issues and delivering information to consumers about counseling services, downpayment assistance, flexible mortgage financing and other resources for prospective home buyers is being started this Tuesday by the Department of Housing and Urban Development and its Blueprint partners and will continue throughout the month

Potential home buyers — especially low- to moderate-income minority families whose homeownership rates lag far behind the national average — will meet the bus at each stop along the way.

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Recent Census findings indicate that while nearly 70% of all Americans own their own homes, less than half of African-American and Hispanic families are home owners.

Last June, President Bush challenged the housing industry to help create homeownership opportunities for 5.5 million minority families by the end of the decade.

In October, the White House unveiled the “Blueprint for the American Dream,” which calls on the real estate, mortgage finance and other home building industries to take specific steps to help reach the President’s goal.

NAHB and its 211,000 members are committed to removing barriers to homeownership for minority families.

The Homeownership Express will visit one city each day, beginning in Washington, D.C. and concluding on the West Coast.

For its itinerary or more information, click here, or e-mail Blake Smith at NAHB or call him at 800-368-5242 x8583.
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