SOURCE: NAR

NAR

May 04, 2009 14:41 ET

Realtors® Recognize Kemp's Contribution to Homeownership

WASHINGTON, DC--(Marketwire - May 4, 2009) - The following is a statement from National Association of Realtors® President Charles McMillan:

"NAR mourns the loss of former Congressman and Secretary of Housing and Urban Development Jack Kemp, who died over the weekend at the age of 73. We extend our sincerest sympathies to his family and friends.

"Assuming the reins of HUD during a turbulent time, Mr. Kemp was able to restore the agency's reputation, which had been battered over the years. During his tenure, he advocated the need for public housing tenant ownership, increased subsidies for low-income renters, expanded social services for the homeless and elderly, and tax changes to help first-time home buyers.

"As a result of the groundwork he laid at HUD, the Home Investment Partnerships Program (HOME) was created. HOME helps states and localities create new affordable housing by providing block grants for use with low-income housing tax credits and other programs. The program's success continues to this day.

"Jack Kemp understood the importance of creating housing opportunity for all. Although we are saddened by this news, Realtors® look forward to keeping the dream of homeownership for families alive, which is something Mr. Kemp was extremely passionate about."

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.REALTOR.org. This and other news releases are posted in the Web site's "News Media" section in the NAR Media Center.

REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.

Contact Information

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