HUD Secretary Encourages Aspiring Homebuyers to "Stay Ready" During Virtual House Party

HUD Launches Dedicated Webpage to Connect People to Pathways to Homeownership

WASHINGTON - U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge hosted the virtual event "House Party - Let's Talk About the House" on Tuesday, November 1 to educate Millennials and Generation Z young adults about the government resources available to buy a home. HUD conducted outreach to underrepresented groups, like Black and Latino home buyers, and more than 6,000 people signed up to receive information about pathways to homeownership. The Secretary was joined by a group of special guests that included mayors of major cities, HUD assisted homeowners, HUD program experts, and community leaders.

"This party was about inspiring our future generation of homeowners to take the next step towards purchasing their biggest financial asset, their home," said Secretary Fudge. "You don't have to start big, you just have to start. And you must know the resources available to you in order to be successful. I am hopeful that this event will continue to inspire and inform those who are ready to stay ready."

Recent data shows that home ownership in Black, Latino and Asian households increased during the COVID-19 pandemic. HUD is committed to continuing to support home ownership through its public engagement. Following the house party and to support sustained engagement, HUD launched a webpage that consolidates information on the resources available to make home ownership a reality. The live conversation covered many topics, including what cities are doing to create more affordable housing options, local incentives and federal programs available to potential home buyers, the benefits of housing counseling, credit scores, student debt, side-hustles, and powerful personal testimony from young, first-time homebuyers who made the leap!

The full house party can be viewed here (www.youtube.com/watch?v=OR4r8aFop7w).

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