Application Process

Round 2 is closed. Applicants moving to the third and final round will be named on June 29, 2020.

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Round 2 Closes

Round 3 Finalists to Be Named June 29, 2020 

Round 2 of the Housing Affordability Breakthrough Challenge is now closed. Congratulations to the 45 finalists who submitted their Round 2 application by the May 15 deadline.  

Launched on January 15, the challenge received nearly 900 Round 1 applications. Forty-five applicants were selected to move to Round 2, following a highly collaborative review by senior leaders  from Enterprise  with expertise across the challenge’s three focus areas – as well as knowledge of rural, suburban, tribal and urban communities. 

Review Round 1 details

Round 2 Review Process

The Round 2 selection committees comprise a diverse group of leaders from Wells Fargo who are reviewing and scoring Round 2 applications. The selection committees bring field expertise covering the challenge’s three focus areas – housing construction, housing financing, and resident services and support – as well as knowledge of geographic markets representing communities across the country.  

Following a detailed review and analysis of the Round 2 applicants, on June 29, the top five proposals in each focus area, 15 applications in all, will receive an invitation to move forward onto the challenge’s third and final round.   

Round 2 Application 

In Round 2, applicants had the opportunity to provide a more detailed review of their breakthrough idea and how it creates scalable solutions supporting housing affordability. The application included three sections with questions related to the:

  1. Implementation of the innovation
  2. Impact of the innovation
  3. Team leading the execution of the innovation 
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Round 3

July 6 - September 21, 2020

Round 3 will include a pitch competition in August 2020. Fifteen finalists will prepare a short presentation on their breakthrough idea to a panel of national affordable housing experts. The final six winners of the challenge will be announced by September 21, 2020. 

We’ll share more specifics about Round 3 of the challenge soon. Please stay tuned for more information. 

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A Tremendous Opportunity

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A More Equitable Future

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