Access to affordable housing in America continues to be a challenge for many people.
That’s why Fannie Mae launched the Sustainable Communities Innovation Challenge (The Challenge). This initiative is generating innovative ideas that will help us address the affordable housing crisis in America and further support our broad mission to create housing opportunities that are safe, sustainable, and affordable, while managing risk to protect lenders, homeowners, and taxpayers.
Specifically, The Challenge is a $10 million investment by Fannie Mae to generate affordable housing solutions that will help Fannie Mae address the nation’s affordable housing issues by advancing sustainable communities–those providing residents integrated opportunities for employment, health and wellness, and education.
This is where you come in.
Great ideas to solve our nation’s housing needs can come from anywhere–including from those outside of the housing industry. Fannie Mae is committed to supporting innovative ideas through cross sector partnerships. When you accept The Challenge, you get the chance to help us turn innovation into action by helping Fannie Mae advance thriving communities and address our nation’s housing needs.
Together, through The Challenge, we can uncover and explore new ways to make a difference and have a positive impact on America’s housing.
Meet the Phase 1 Contract
Fannie Mae congratulates the contract awardees for Phase 1 of The Innovation Challenge!
The selected proposals come from Florida, Ohio, and Colorado with ideas focused on the expansion of affordable housing development and onsite healthcare workforce training, accessory dwelling unit (ADU) development as an affordable housing option for residents in gentrifying neighborhoods, and transforming vacant commercial property into entrepreneurial co-housing in low-income communities.
Take a closer look and meet the contract awardees:
We received hundreds of proposals for
Phase 1 of The Innovation Challenge, making the selection of our contract awardees a difficult one. In addition to our three contract awardees, there are two proposals we want to highlight for our Recognition Spotlight. Although Recognition Spotlights do not receive contract awards, we commend these proposals for their unique, innovative nature–two key qualities we look for as we source ways to address affordable housing.
Take a closer look: