Housing Affordability Breakthrough Challenge
Round 2 of the challenge is closed. On June 29, we’ll announce the 15 finalists moving to Round 3. Stay tuned!
Three Pillars of Innovation
The challenge features three rounds, culminating with the announcement of the final six winners by July 31, 2020.
March 18 - May 15, 2020
Round 2 applications were due May 15, 2020. On June 29, 15 applicants will be invited to Round 3.
July 6 - September 21, 2020
Round 3 will feature a pitch event and conclude with the announcement of the six winners by September 21, 2020.
January 15 - February 19, 2020
Round 1 applications were due February 19, 2020. On March 17, 45 applicants were invited to join Round 2.
Frequently Asked Questions
No, the deadline for Round 1 of the challenge was Feb. 19, 2020. Thank you to all who applied. Rounds 2 and 3 are by invitation only.
No, if you started an application but did not complete and submit it by February 19, 2020, you may not submit it.
We understand that affordability varies based on multiple factors, including geography and market conditions. We’re looking for innovations that address the needs of low- to moderate-income households, and will prioritize proposals serving 60 percent of area median income (AMI) and below. At the same time, we will exercise flexibility up to 80% AMI based on the nature of the idea (e.g., rental vs. homeownership) and market context. We also will consider mixed-income strategies in which its estimated that the innovation will serve a majority of households at or below 60 percent AMI.
Organizations can submit more than one application. However, only one application per idea will be allowed. In other words, organizations can submit multiple unique ideas to the same focus area. Organizations may also submit multiple unique ideas across different focus areas. However, we will not accept applications from different organizations for the same idea. Organizations must coordinate with their partners to determine one lead applicant. Finally, although organizations are permitted to submit more than one application, we strongly encourage you to prioritize your best ideas and submit one application.
No. You must select one primary focus area that best aligns with your innovation. The application does allow you to specify if your innovation overlaps with another focus area. However, there is no advantage or preference given to innovations that address more than one focus area.
The grant funding is flexible and can be used for operational, programmatic and capital expenses.