SR562 - Recognizing Builders of Hope for its contributions to affordable housing in Dallas..

          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                 ________________________________          President of the Senate               I hereby certify that the     above Resolution was adopted by     the Senate on May 23, 2025.                 ________________________________          Secretary of the Senate                 ________________________________           Member, Texas Senate                 ________________________________           Member, Texas Senate