INDIANAPOLIS – Governor Mike Pence issued a Proclamation that was delivered by Lt. Governor Sue Ellspermann this morning, declaring June as Homeownership Month in Indiana. The Lt. Governor was joined by members of the Indiana Housing and Community Development Authority (IHCDA), Indiana Builders Association (IBA) and Habitat for Humanity of Indiana for a special reading of the proclamation and Celebration of Homeownership Month at the Indiana Statehouse.
“Owning a home has long been central to achieving the American dream,” said Lt. Governor Ellspermann. “Governor Pence and I are so thankful and appreciative of the work being done by IHCDA, IBA and Habitat for Humanity of Indiana in making the American dream a reality for Hoosiers statewide.”
Homeownership has long been the cornerstone of the American dream, representing more than just a shelter but an enduring symbol of prosperity achieved by a growing number of Americans. However, according to the latest data from the United States Census Bureau, the percentage of homeowners in the United States fell to an 18-year low at just 64.9%. The percentage in Indiana, however, remains above the nationwide average at 70.0%.
“At IHCDA providing homeownership opportunities is extremely important,” said Jacob Sipe, Executive Director. “Homeownership builds assets and creates memories for individuals and families. We also understand that homeownership has a larger impact on community and work to provide programs that promote both accessibility to homeownership and financial literacy.”
Since its inception in 1978, IHCDA has been making the process of buying a home a reality for thousands of Hoosiers by providing down payments, offering low interest rate loans and offering tax credits. These programs include the Mortgage Credit Certificate (MCC), Next Home, Next Home with MCC Combo, Affordable Home and My Home Conventional. The agency also provides foreclosure prevention assistance through Indiana’s Foreclosure Prevention Network with assistance from the U.S. Department of Treasury for Indiana’s Hardest Hit Fund.
Joining the Lt. Governor and IHCDA for the Celebration of Homeownership Month Event were staff members from Habitat for Humanity of Indiana and the Indiana Builders Association (IBA).
“We are pleased to represent and support 65 Habitat for Humanity affiliates throughout Indiana,” said Gina Leckron, State Director for Habitat for Humanity of Indiana. “We are happy to celebrate homeownership month and continue our mission of providing life-changing opportunities for Hoosiers to purchase and own simple, quality and affordable homes.”
“There are numerous benefits to homeownership including tax incentives, financial security and the peace of mind that comes from having a place to call home. Hoosiers today will find many affordable housing options available due in large part to the historically low interest rates we are seeing right now,” said Indiana Builders Association President Linda Rogers. “It is fitting that we recognize June as Homeownership Month and celebrate the important role the housing industry plays in our local, state and national economies.”
In June 2002, President George W. Bush signed a proclamation making June National Homeownership Month nationwide. The goal of this initiative was to develop support programs and incentives to help every American citizen realize the dream of homeownership.