Builders of Hope, a nonprofit organization, has recently rolled out a groundbreaking program aimed at providing property tax relief to West Dallas residents in a bid to help them stay in their legacy homes. Preserving Generational Homes Stephanie Champion, the community development and policy officer for Builders of Hope, identified a pressing need for property tax relief among residents who have struggled to keep up with the rapidly increasing property valuations in the area. In response, the organization launched a pilot program that freezes the property tax liability for participants at the 2020 payment level, providing much-needed stability for legacy homeowners. Community Support and Investment To kickstart the program, Builders of Hope has secured initial funding of $150,000 from the Dallas Foundation and McBride Family Foundation, with plans to raise a total of $1 million for the initiative. Interested residents can submit their applications through the Builders of Hope website. Champion has also spearheaded a comprehensive outreach campaign, including media interviews, social media promotions, and community events to raise awareness about the program. Building a Sustainable Future The initiative comes at a crucial juncture as West Dallas undergoes significant park developments and private investments, which are expected to drive up property values in the area. By providing targeted relief to eligible residents, Builders of Hope aims to protect legacy homeowners from displacement and ensure their continued presence in the community. Empowering Residents Eligibility for the program is determined based on homeowner status prior to 2021, residency in the 75212 ZIP code for at least a decade, or inheritance of a home from a long-term resident. Priority is given to households that have faced financial burdens and have resided in the area for over 20 years. Looking Ahead The program reflects a data-driven approach, with Builders of Hope collaborating with the Child Poverty Action Lab to identify households in need of assistance. As the initiative unfolds, the organization plans to address broader issues of affordability and displacement in the community through a multifaceted strategy. Community Collaboration In addition to financial contributions, Builders of Hope emphasizes the role of community partners and developers in supporting the program. Developers seeking approvals from the City of Dallas are encouraged to contribute to the fund, ensuring that new developments align with the needs and values of the existing community. A Holistic Approach Champion acknowledges that the program is just one piece of the puzzle in addressing the complex challenges of property tax burdens and neighborhood preservation. She underscores the importance of education, outreach, and advocacy in empowering residents to navigate the intricacies of property taxes and appraisal valuations. Building a Brighter Future With a commitment to holistic community engagement and sustainable development, Builders of Hope's property tax relief program stands as a beacon of hope for West Dallas residents facing the pressures of gentrification and rising property values.