2022 Regular Session ENROLLED
SENATE RESOLUTION NO. 200
BY SENATOR CARTER
A RESOLUTION
To urge and request the Louisiana Housing Corporation to adopt use of Home Ownership
and Personal Equity (HOPE) fund as a moniker and program for their organization.
WHEREAS, Home Ownership and Personal Equity (HOPE) represents the American
dream which is not a reality for many Louisiana citizens; and
WHEREAS, any effort to improve the quality of life and strengthen the economy in
Louisiana must address all issues in regard to housing; and
WHEREAS, every Louisiana citizen should be able to afford to rent or own a home
of their own; and
WHEREAS, across the state and throughout the country, the cost of housing both for
renters and home buyers is increasing, making it harder for people to find an affordable
home; and
WHEREAS, the nation is facing a housing shortage that is driving up prices and with
housing prices near record highs, families are forced to make difficult financial decisions
and are unable to make other important investments, such as furthering their education or
saving for retirement; and
WHEREAS, home ownership is a major source of generational wealth for many
Americans and it is a central part of the American dream; and
WHEREAS, home ownership and the opportunity to build and pass down wealth
through home ownership are unattainable dreams for far too many Americans; and
WHEREAS, longstanding inequities in the housing system, from disinvestment to
redlining and misvaluation of homes in low income communities, have locked out entire
generations from the American dream of home ownership and the opportunity to build
generational wealth; and
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WHEREAS, housing also opens up opportunities that are tied to where one lives, and
it is a shared responsibility to ensure that everyone has equitable access to those
opportunities, from education and stable employment, to quality health care and healthy
food; and
WHEREAS, the goal of the Louisiana Housing Corporation is to make sure every
Louisiana resident is granted an opportunity to obtain safe, affordable, energy-efficient
housing; and
WHEREAS, monies allocated for the HOPE fund would be used to provide grants
for financial and educational assistance for home ownership for Louisiana residents who are
currently receiving affordable housing or other federal, state, or local rental assistance.
THEREFORE, BE IT RESOLVED that the Senate of the Legislature of Louisiana
does hereby urge and request the Louisiana Housing Corporation to adopt use of Home
Ownership and Personal Equity (HOPE) fund as a moniker and program for their
organization.
BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to the
executive director of the Louisiana Housing Corporation.
PRESIDENT OF THE SENATE
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