Recognizing Builders of Hope for its contributions to affordable housing.

89(R) SR 540 - Introduced version - Bill Text

89R29024 BPG-D

By: Johnson, West

S.R. No. 540

R E S O L U T I O N

WHEREAS, Builders of Hope in Dallas has significantly

advanced the availability of stable, affordable housing in the

city; and

WHEREAS, The only certified Community Housing Development

Organization in the city of Dallas and in Dallas County, Builders of

Hope was founded in 1998 with the goal of revitalizing West Dallas;

today, its target areas also include Pleasant Grove, South Dallas,

and southern Dallas; its projects are designed not only to provide

shelter, but also to address systemic economic barriers and to

promote social mobility through homeownership; and

WHEREAS, Since its inception, BOH has built more than 500

homes with the support of over $45 million in subsidies and grants;

these efforts have resulted in the creation of more than 1,500

construction jobs and the generation of an estimated $30 million in

wealth for low- to moderate-income families; through the

organization's innovative financing model, the average homeowner

receives $70,000 in equity at closing; and

WHEREAS, BOH employs three strategies for community

enrichment; it aims to revitalize areas with land values that have

been suppressed due to a lack of public investment, to stabilize

neighborhoods that are undergoing rapid gentrification, and to

diversify mixed-income housing in areas where affordable options

are limited or nonexistent; in 2022, the organization ventured into

multifamily rental housing to help address the growing shortage,

and it went on to receive unanimous approval for its $7.4 million

Trinity West Villas development from the Dallas City Council; it

completed its West Dallas single-family project in 2025, offering

19 affordable homes and supporting owners with more than 150 hours

of homebuyer education and $760,000 of down payment assistance; and

WHEREAS, Through its investments in housing, Builders of Hope

is empowering Dallas residents to attain greater security and

generational wealth, and in so doing, it is helping to make the

wider community stronger and more vibrant; now, therefore, be it

RESOLVED, That the Senate of the 89th Texas Legislature

hereby honor Builders of Hope for its contributions to affordable

housing in Dallas and extend to all those associated with the

organization sincere best wishes for continued success; and, be it

further

RESOLVED, That an official copy of this resolution be

prepared for BOH as an expression of high regard by the Texas

Senate.