Solving the nation’s housing affordability crisis calls on us to do more than find new ways to accelerate production. We also need innovations that make housing a true platform for opportunity in communities across the nation.
Made possible by the leadership and support of the Wells Fargo Foundation, the Housing Affordability Breakthrough Challenge is a $20 million initiative to inspire, propel, and scale housing solutions. This is the second innovation challenge led by Enterprise and Wells Fargo.
With grants of $2 million to $3 million, two years of technical guidance, and the benefit of an engaged cohort, the winners will advance and expand the reach and impact of their housing innovations.
Our call for proposals sought innovations that prioritize racial equity and environmental sustainability. The winners and their breakthrough ideas reflect the diversity of their communities — from a lending and education innovation created with and for Tribal homebuyers, to a high school setting up students for success in the construction trades and other industries, to a financing solution turning long-term renters into homeowners in rural communities. All the innovations are designed to build a more accessible and sustainable housing system.