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responsible Americans to have a piece of the American Dream. This is an issue of particular interest to the Latino community. Latino households see homeownership as a critical part of achieving the American Dream. Home ownership is also essential to a familys ability to accumulate assets and save for retirement. As the recession made clear, the value of home ownership is only fully realized over the long term. Our community continues to improve its economic status, and now more than ever needs a lending market that provides an opportunity to obtain a mortgage and build their own American Dream. That is why we appreciate the Presidents position that any revisions to the lending market include provisions that ensure that our countrys future housing infrastructure can support all responsible Americans who qualify for home ownership, even those who are just now realizing financial stability. As we go forward, LULAC will fight to ensure that any housing reform proposal includes an affirmative obligation to provide affordable housing and home ownership. Also, we will urge that policy makers maintain the implied federal guarantee so that our social commitment to affordable housing continues to be fully supported by the federal government. About LULAC: The League of United Latin American Citizens (LULAC) is the nations largest and oldest civil rights volunteer-based organization that empowers Hispanic Americans and builds strong Latino communities. Headquartered in Washington, DC, with 900 councils around the United States and Puerto Rico, LULACs programs, services and advocacy address the most important issues for Latinos, meeting critical needs of today and the future. For more information, visit www.LULAC.org ###
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