A1: National Home Ownership
Expand national homeownership opportunities Other Information:
This objective reflects HUD’s goal of helping more families, particularly low- and moderate income families, attain homeownership.
Since its creation in 1934, FHA has insured more than33 million single-family mortgages totaling$1.6 trillion, and has served
as a model for housing finance around the world. While the overall homeownership rate at the end of FY 2005 was 68.8 percent
– constituting a record number of homeowners – the homeownership rate for low- and moderate income families was only 52.8
percent. While recognizing that homeownership is not an option for everyone, HUD will focus on ensuring that the benefits
of homeownership are made available to more American families.
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