The Fair Housing Act and Disparate Impact in Homeowners Insurance

President Bush has made homeownership a central element of his housing policy. Through the American Dream Down Payment Act, the Homeowner’s Tax Credit, and the Zero Downpayment Mortgage Initiative, President Bush is attempting to make homeownership easier both by reducing the down payment required and by increasing financing options for the purchase of a home. More Americans owned homes in 2004 than ever before. This increase in homeownership has allowed more families to enjoy the “security, dignity, and independence that comes with owning their piece of the American dream.”