WASHINGTON, D.C. – December 09, 2015 – (RealEstateRama) — Congresswoman Loretta Sanchez (CA-46) is fighting for low-income and middle-class Americans to have the opportunity to own their own home, provide a safe haven for family, and build wealth.
Congresswoman Sanchez, speaking from the House floor, highlighted the importance of homeownership to increase upward economic mobility.
“Owning your own home for almost everybody in our country is the first rung of the ladder of wealth creation,” said Rep. Sanchez. “And yet today, that dream—and it is a dream for many of our citizens, particularly those in the Latino and minority communities—-is just that: a dream.”
For Americans in the bottom 40% percent of annual income level, wealth creation is almost exclusively generated through homeownership. For middle-class Americans, 62% of the median homeowner’s assets and 42% of their total wealth comes from their home.
Rep. Sanchez added, “Homeownership is a key to creating stable, economically successful households and to provide security for existing and future generations.”
Congresswoman Sanchez’s entire floor speech can be viewed HERE.
This fall, Rep. Sanchez served as a keynote speaker at a bipartisan leadership forum on “Achieving the American Dream” hosted by First American Financial Corporation, headquartered in her district. Congresswoman Sanchez was joined by her colleagues, Rep. Linda Sanchez and Rep. Emanuel Cleaver, in addition to former Governor Luis Fortuño, industry leaders and community activists.
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Congresswoman Loretta Sanchez is proud to represent California’s 46th Congressional District, which includes the cities of Anaheim, Santa Ana, and parts of the cities of Garden Grove and Orange in Orange County. She serves as Ranking Member of the House Armed Services Subcommittee on Tactical Air and Land Forces and as the second ranked Democrat on the Committee on Homeland Security.
