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Adopt and present a resolution recognizing June 2024 as National Homeownership Month in Solano County (Supervisor Hannigan)
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
Supervisor Hannigan requests that the Board of Supervisors adopt and present a resolution recognizing June 2024 as National Homeownership Month in Solano County.
SUMMARY / DISCUSSION:
June is National Homeownership Month in the United States. It is an opportunity to highlight the advantages of homeownership and pledge to create more opportunities for those who want to own their own homes. The Realtor® community remains committed to making the American dream of homeownership a reality for everyone, as it remains the key to economic stability and generational wealth building. According to the National Association of Realtors®, homeownership contributes significantly to financial security, as evidenced by the fact that the typical homeowner's net worth is almost 40 times that of a non-homeowner.
FINANCIAL IMPACT:
The costs associated with preparing the agenda item are nominal and absorbed by the department’s FY2023/24 Working Budget. The costs associated with preparation and purchase of the resolution materials are included in the Board’s FY2023/24 Working Budget.
ALTERNATIVES:
The Board may choose not to adopt and present the resolution recognizing June 2024 as National Homeownership Month, however, this is not recommended, as it is an opportunity to highlight the benefits of homeownership and key to building wealth and economic stability.
OTHER AGENCY INVOLVEMENT:
Solano Association of Realtors®, Northern Solano Association of Realtors®
CAO RECOMMENDATION:
APPROVE DEPARTMENTAL RECOMMENDATION