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R E S O L U T I O N
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WHEREAS, Builders of Hope in Dallas has significantly |
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advanced the availability of stable, affordable housing in the |
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city; and |
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WHEREAS, The only certified Community Housing Development |
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Organization in the city of Dallas and in Dallas County, Builders of |
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Hope was founded in 1998 with the goal of revitalizing West Dallas; |
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today, its target areas also include Pleasant Grove, South Dallas, |
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and southern Dallas; its projects are designed not only to provide |
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shelter, but also to address systemic economic barriers and to |
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promote social mobility through homeownership; and |
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WHEREAS, Since its inception, BOH has built more than 500 |
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homes with the support of over $45 million in subsidies and grants; |
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these efforts have resulted in the creation of more than 1,500 |
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construction jobs and the generation of an estimated $30 million in |
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wealth for low- to moderate-income families; through the |
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organization's innovative financing model, the average homeowner |
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receives $70,000 in equity at closing; and |
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WHEREAS, BOH employs three strategies for community |
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enrichment; it aims to revitalize areas with land values that have |
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been suppressed due to a lack of public investment, to stabilize |
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neighborhoods that are undergoing rapid gentrification, and to |
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diversify mixed-income housing in areas where affordable options |
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are limited or nonexistent; in 2022, the organization ventured into |
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multifamily rental housing to help address the growing shortage, |
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and it went on to receive unanimous approval for its $7.4 million |
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Trinity West Villas development from the Dallas City Council; it |
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completed its West Dallas single-family project in 2025, offering |
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19 affordable homes and supporting owners with more than 150 hours |
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of homebuyer education and $760,000 of down payment assistance; and |
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WHEREAS, Through its investments in housing, Builders of Hope |
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is empowering Dallas residents to attain greater security and |
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generational wealth, and in so doing, it is helping to make the |
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wider community stronger and more vibrant; now, therefore, be it |
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RESOLVED, That the Senate of the 89th Texas Legislature |
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hereby honor Builders of Hope for its contributions to affordable |
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housing in Dallas and extend to all those associated with the |
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organization sincere best wishes for continued success; and, be it |
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further |
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RESOLVED, That an official copy of this resolution be |
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prepared for BOH as an expression of high regard by the Texas |
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Senate. |