A coalition on a mission to eliminate persistent poverty in the U.S.
Wells Fargo Foundation donates $1.8 million to support housing initiatives led by six CDFIs in the country’s poorest communities.
The crisis of housing affordability in the United States is much more than a problem of demand exceeding supply. The Housing Affordability Breakthrough Challenge will help close the affordable housing gap by elevating and transforming housing affordability innovations into real solutions. Judges who are experts in the industry will choose top competitors who bring standout affordable housing innovations promising new ways to meet the urgent need for affordable housing in communities across the United States.
Without financing, good ideas to address housing affordability often never get off the ground. Because of a number of complexities, it can sometimes be more expensive to build affordable housing than it is to build market rate properties. In this episode, judges and administrators of the Housing Affordability Breakthrough Challenge discuss problems and opportunities associated with financing.
With land scarcity, zoning challenges, and ever increasing costs, the building of new affordable housing is a complex undertaking. In this episode, judges and administrators of the Housing Affordability Breakthrough Challenge discuss the complexities and opportunities present in the construction of safe, clean, affordable housing, as well as the potential of green building as a factor in affordability solutions.
Helping people sustain safe, affordable housing that they can utilize as a fundamental building block for health and economic well-being is key to closing opportunity gaps and eradicating generations of systemic racial disparity. Resident support services are an area of focus for the Housing Affordability Breakthrough Challenge because they help provide infrastructure for resident well-being and economic mobility, and they contribute to healthy communities. In this episode, judges and administrators of the Housing Affordability Breakthrough Challenge discuss problems and opportunities.
The need for affordable, well-designed homes continues to exceed supply in the United States. Wells Fargo has launched the Housing Affordability Breakthrough Challenge in collaboration with Enterprise Community Partners to close the affordable housing gap by elevating and transforming housing affordability innovations into real solutions. The Challenge will award six grants of more than $2 million each to innovators across the U.S. in the areas of construction, finance, and resident support services to bring their ideas to reality. In this special series, Wells Fargo brings together the Challenge’s judges and administrators — thought leaders from across the industry — to discuss the housing affordability quagmire, the priorities of the competition, and the areas of opportunity for innovation in creating impactful solutions.