Mayors proclaim June Homeownership Month
MOORHEAD – The metro-area mayors, including West Fargo’s Rich Mattern, proclaimed June the month of homeownership.
The proclamation designated June as Homeownership Month for each city.
This year’s theme, “Preserving the Dream,” highlights benefits of homeownership and the opportunity for consumers to take advantage of low interest rates and our stable local economy.
The Moorhead home site is Lake Agassiz Habitat for Humanity’s first Veteran Build, and will be home to Sonia Greer and her 10-year-old daughter. Greer is a veteran of the Air Force.
“Sonia is working with Lake Agassiz Habitat for an opportunity to purchase a home so that she can provide her daughter with a stable and secure environment,” Lake Agassiz Habitat for Humanity Director Rob Rich said in a release. “She is working toward completing her 250 sweat- equity hours as required by Habitat for partner families.”
The focus of National Homeownership Month is to recognize efforts to strengthen communities and to give families the information necessary to achieve their dream of homeownership.
With today’s continuing low interest rates, homeownership has never been more accessible to so many people. Contributing to a strong economy, home ownership enriches families and has come to symbolize the realization of the American Dream.
Home equity accounts for more than half of the total net wealth of the typical home-owning family, making homeownership the primary source of a household’s net worth and the fundamental first step toward accumulating personal wealth.