America's Home Ownership Challenge
# Establish a national goal of at least 5.5 million new minority homeowners
before the end of the decade.
# Challenge the private sector real estate and mortgage finance industries to
dramatically increase their efforts to reduce the barriers to homeownership faced
by minority families and to work with the nonprofit sector in a concerted effort
to achieve this goal through national and local partnerships.
The Administration is intent on fostering a climate conducive to homeownership growth, and dismantling and eliminating the barriers faced by minority families is an integral part of this effort. As long as these barriers exist, homeownership levels for minority families will not be where they should be.