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Claire Gauntner
Development, Director
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News
Congress Fails to Make Permanent Critical Disaster Recovery Funds
Congressional leaders overnight released text of a $1.7 trillion spending package to keep the government funded through next September. Lawmakers failed, however, to make permanent critical disaster rebuilding aid.
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Flora Arabo
Policy, Senior Director
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FY23 Omnibus Spending Bill Mixed Bag for Affordable Housing
The fiscal year 2023 omnibus appropriations bill just released by Congress includes strong funding levels for many affordable housing and community development programs, which is particularly important given the impact inflation has had on people across the country.
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What is the Housing Affordability Breakthrough Challenge?
The challenge is a grant competition designed to identify, accelerate, and scale implementation-ready breakthrough ideas that promise new ways to create housing affordability across three focus areas: Construction, Financing, and Access and Resident Support.
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How is “affordable housing” defined in the challenge?
We will consider proposals whose innovation serves a majority (greater than 51%) of residents at these income levels:
- Rental: 80% AMI or below
- Homeownership: 120% AMI or below
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What are the eligibility requirements of applicants?
We invited a range of organizations to apply, including nonprofits, Tribal organizations, and mission-driven for-profit entities.
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What is the application process?
The competitive application process launched on January 31, 2023, with a first-round Request for Proposals (RFP).
News
Enterprise and Wells Fargo Foundation Announce $20M Housing Affordability Breakthrough Challenge
A new $20 million Housing Affordability Breakthrough Challenge will advance innovative solutions that increase housing affordability, access and stability.
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Rachelle Defillo
Associate Director, Programs