HomeMy WebLinkAbout022612 RES - 06/25/1996A RESOLUTION
CREATING THE CORPUS CHRISTI HOUSING PARTNERSHIP AND
INVITING OTHER PUBLIC AND PRIVATE SECTOR ORGANIZATIONS
TO JOIN IN PROMOTING AFFORDABLE HOUSING OPPORTUNITIES
FOR THE CITIZENS OF THE CITY OF CORPUS CHRISTI.
WHEREAS, for millions of families, homeownership is the American Dream and for more
than two centuries, our nation has embraced this dream. Homeownership has been reaffirmed as a
fundamental objective of national policy in the National Housing Acts of 1934, 1949, 1968, and the
GI Bill of Rights in 1944, as a means to realize the goal of a "decent home and a suitable living
environment for every American family."
WHEREAS, the United States is one of the first countries in the world to make
homeownership a reality for a majority of its people. Thanks to effective cooperation between
industry and government, the doors of homeownership have been opened to million of families in
the last six decades.
WHEREAS, high ownership levels are not inevitable. The national homeownership rate
declined from a peak of 65.6 percent in 1980 to approximately 64 percent in 1991. After 46 years
of growth, homeownership opportunities in America became out of reach for millions of
hardworking families during the 1980s. While the homeownership rate has risen over the past five
years, it is still below the 1980 peak. Continuing the trend toward greater homeownership is vital
to our nation's families, communities, and economic prosperity.
WHEREAS, homeownership strengthens families and stabilizes communities. It encourages
savings and investment, promotes economic and civic responsibility, and is the primary means of
wealth accumulation for most Americans. Owning a home provides greater opportunity for personal
control and family security. Expansion of homeownership spurs new production and sales of goods
and services, thereby strengthening the economy and creating jobs.
WHEREAS, more than 50 national public and private organizations have committed to
reaching an all-time high level of homeownership by the end of the century. With the leadership of
HUD Secretary Henry Cisneros, an unprecedented Partnership has been established and a National
Homeownership Strategy has been developed to reach this goal.
WHEREAS, only through the joint and cooperative efforts of the private and public sectors,
including industry, government, nonprofit and community groups, at the national, state, and local
levels, can homeownership be increased to record levels. No one organization or government
program can accomplish what a public-private partnership can achieve.
WHEREAS, the Corpus Christi Housing Partnership is committed to stabilizing
neighborhoods, providing increased homeownership and housing opportunities to underserved
households and otherwise improving access to homeownership and housing opportunities within
Corpus Christi.
96NH1400.101
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NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
SECTION 1. That there is hereby created the Corpus Christi Housing Partnership consistent
with the National Homeownership Strategy.
SECTION 2. That other public and private sectors are invited to join in promoting
affordable housing opportunities for the citizens of the City of Corpus Christi.
ATTEST:
Armando Chapa, City S'cretary
Approved this the 19th day of June, 1996.
JAMES R. BRAY JR., CITY ATTORNEY
THE CITY OF CORPUS CHRISTI
96NH1400.101
Corpus Christi, Texas
2-5��yyJJ�
Day of JULIA_ 19 �I �J
The above resolution was passed by the following vote:
Mary Rhodes
Dr. Jack Best
Betty Black
Melody Cooper
Tony Heldenfels
Betty Jean Longoria
John Longoria
Edward A. Martin
Dr. David McNichols
96NH1400.101
0
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