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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.

Missed our virtual information session?
Watch the Recording

 

A crew of workers on a job site. One worker reaches out for a piece of lumber another worker is holding
50-50 background color
Cornerstone Blue
Focus Areas

The Housing Affordability Breakthrough Challenge aims to meet the nation’s affordable housing challenges across Native, rural, suburban, Tribal and urban communities.

The Round 1 application period closed on March 3, 2023. We asked Round 1 applicants to align their proposals with one or more of three focus areas:

  • Financing
  • Construction
  • Access and Resident Support

Innovations across all three focus areas must demonstrate how they center racial equity and, where applicable, integrate environmental sustainability.

Otis Rolley, Wells Fargo President of Wells Fargo Foundation and Head of Philanthropy and Community Impact, standing and speaking at a podium

Wells Fargo’s support of the 2023 Housing Affordability Breakthrough Challenge is another opportunity to engage entrepreneurs and social innovators and advance ideas that can improve housing opportunities for millions.

We urgently need to reimagine access to quality affordable places to live in the U.S., which is so tightly linked to economic stability, physical and mental health, and ultimately generational wealth.

– Otis Rolley, President of Wells Fargo Foundation and Head of Philanthropy and Community Impact

Eligibility

We cast a wide net, inviting a range of organizations to apply:

  • Organizations with a 501(c)(3) status
  • Mission-oriented for-profits
  • Government-affiliated organizations, housing authorities and housing finance agencies with a 501(c)(3) entity
  • Tribally Designated Housing Entities (TDHEs)
  • Tribal Housing Authorities

Eligible Markets

United States map with 37 eligible states and the District of Columbia shaded in blue for the Housing Affordability Breakthrough Challenge

 

 


See the list of eligible markets

Jacqueline Waggoner speaking
The Housing Affordability Breakthrough Challenge has proven that investing in pathbreaking innovations at the local level is a powerful way to build more equity and affordability in our communities nationwide.
Jacqueline Waggoner, President, Solutions Division, Enterprise
A prefabricated room being built and lifted inside a warehouse
50-50 background color
Community Green
Application Process

Through a three-round competition, winning innovations will be selected by a panel of judges, including leaders from Enterprise, Wells Fargo, and nationally recognized community development and housing experts.

The cohort of winners will be announced in fall 2023 and take part in a multi-year initiative to share ideas and cultivate their innovations into solutions that can be applied in communities across the U.S.

Competition Timeline

Round 1 (closed)
January 31 - March 3

Informational Webinar Recording
February 2

Round 2
May 9 - June 6
(Finalists announced in early May)

Round 3
August 7 - September 1

Pitch Competition
October 9 - 11

Winners Announced
Week of October 23

An exhibit at The Housing Affordability Breakthrough Challenge Exhibition at the National Building Museum

Celebrating Housing Innovations

Launched in 2020, the inaugural Housing Affordability Breakthrough Challenge named six winners whose innovations have made an impact in communities across the United States. The winners and their housing solutions are currently on display in “A Better Way Home,” a free exhibition at the National Building Museum in Washington, D.C.

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See how we invest in solutions
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Seeding Innovation

A Look at the First Challenge

Winners of the 2020 Housing Affordability Breakthrough Challenge are moving forward in exciting ways: breaking ground, setting down homes, and scaling to new geographies. See the breadth, reach and impact of their ideas – and how an engaged cohort made a pivotal difference for these housing innovators.

The support, encouragement and expectations allowed us to develop something very innovative in a short period of time.

Natasha Pallan, Center for NYC Neighborhoods, 2020 Housing Affordability Breakthrough Challenge Winner
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