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 open competition 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 commitment 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.
Submit your innovative idea for Phase Three!
Fannie Mae seeks ideas that respond to one or more of the following statements:
- How might we prepare a workforce that is ready to participate in job opportunities that drive technological innovation in the housing industry?
- How might large employers or anchor institutions partner with the housing industry to ensure every resident in a community has a path to safe, quality, affordable housing?
- How might we use housing to increase the availability of and access to high-quality early childhood care and education that meets the needs of families in underserved areas?
- How might housing and education entities from the public, private, or nonprofit sectors partner to provide stable home and school experiences for very low-income students?
If you’d like to help Fannie Mae improve education opportunity and economic advancement through housing, please register to submit your idea by May 30, 2019 at 5:00 p.m., Pacific Time.
Meet our Expert Advisory Panel
Fannie Mae has engaged an Expert Advisory Panel to support The Challenge in identifying the most innovative and promising ideas and approaches. The Expert Advisory Panel comprises experts in affordable housing, education, economic mobility, and innovation, and represents the public, private, and nonprofit sectors.
Meet the Expert Advisory Panel.
Using ADUs to help long-time homeowners
Watch the video to see how Phase One awardee, West Denver Renaissance Collaborative's ADU program is helping long-time homeowners remain in their communities.