The national housing shortage continues to make headlines. Estimates on the number of homes needed to close the gap run in the millions. But one thing is clear: without a stable, affordable place to call home, it’s impossible to thrive.
In an effort to scale needed housing solutions, Enterprise and the Wells Fargo Foundation have teamed up to launch a new $20 million competition. The Housing Affordability Breakthrough Challenge will identify and propel implementation-ready innovations that transform current practices and reimagine access to affordable homes.
Eligible applicants are competing for individual grants of $1 million, $2 million and $3 million to scale ideas that lay the groundwork for system-wide change. Winners also will receive two years of technical assistance to turn their ideas into real-world programs.
Round 1 of the challenge is now closed.
We received over 400 innovation proposals.
Round 2 finalists will be announced in early May.
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