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SENATE RESOLUTION NO. 562
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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 |
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of Hope was founded in 1998 with the goal of revitalizing West |
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Dallas; today, its target areas also include Pleasant Grove, South |
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Dallas, and southern Dallas; its projects are designed not only to |
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provide shelter but also to address systemic economic barriers and |
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to promote social mobility through homeownership; and |
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WHEREAS, Since its inception, Builders of Hope has |
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constructed more than 500 high-quality, affordable homes, adding |
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over $60 million in single-family real estate value to the local |
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tax base and revitalizing historically underserved neighborhoods |
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across Dallas; these efforts have supported the creation of more |
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than 1,500 construction jobs and generated an estimated $35 |
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million in wealth for low- to moderate-income families; through |
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its innovative financing model, the organization helps |
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homeowners build equity from the outset, with the average family |
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receiving approximately $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 |
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have been suppressed due to a lack of public investment, to |
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stabilize neighborhoods that are undergoing rapid |
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gentrification, and to diversify mixed-income housing in areas |
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where affordable options are limited or nonexistent; in 2022, the |
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organization ventured into multifamily rental housing to help |
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address the growing shortage, and it went on to receive unanimous |
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approval for its $7.4 million Trinity West Villas development |
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from the Dallas City Council; it completed its West Dallas |
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single-family project in 2025, offering 19 affordable homes and |
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supporting owners with more than 150 hours of homebuyer education |
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and $760,000 of down payment assistance; and |
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WHEREAS, Through its investments in housing, Builders of |
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Hope 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 State of Texas, 89th |
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Legislature, hereby honor Builders of Hope for its contributions |
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to affordable housing in Dallas and extend to all those |
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associated with the organization sincere best wishes for |
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continued success; and, be it 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 from the Texas |
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Senate. |
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Johnson, West |
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________________________________ |
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President of the Senate |
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I hereby certify that the |
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above Resolution was adopted by |
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the Senate on May 23, 2025. |
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________________________________ |
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Secretary of the Senate |
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________________________________ |
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Member, Texas Senate |
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________________________________ |
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Member, Texas Senate |