Recognizing Builders of Hope for its contributions to affordable housing in Dallas..

89(R) SR 562 - Enrolled version - Bill Text

SENATE RESOLUTION NO. 562

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, Builders of Hope has

constructed more than 500 high-quality, affordable homes, adding

over $60 million in single-family real estate value to the local

tax base and revitalizing historically underserved neighborhoods

across Dallas; these efforts have supported the creation of more

than 1,500 construction jobs and generated an estimated $35

million in wealth for low- to moderate-income families; through

its innovative financing model, the organization helps

homeowners build equity from the outset, with the average family

receiving approximately $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 State of Texas, 89th

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 from the Texas

Senate.

Johnson, West

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President of the Senate

I hereby certify that the

above Resolution was adopted by

the Senate on May 23, 2025.

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Secretary of the Senate

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Member, Texas Senate

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Member, Texas Senate