Enterprise and Wells Fargo Foundation Announce $20M Housing Affordability Breakthrough Challenge
The Wells Fargo Foundation, with Enterprise Community Partners (Enterprise), has announced the second Housing Affordability Breakthrough Challenge.
Innovators are invited to compete for grants of up to $3 million and two years of technical assistance to transform ideas into solutions that can be replicated in the real-world. Applications will open on Jan. 31, 2023, and submissions will be accepted until March 3, 2023. Through the program, innovators are invited to apply for grants of up to $3 million and two years of technical assistance to scale solutions to housing challenges in three categories: financing, construction, and access and resident support. The 2023 Housing Affordability Breakthrough Challenge will consider Native, rural, suburban, Tribal, and urban solutions that can transform current practices and processes and lay the groundwork for increased housing affordability, access, and stability.
A variety of entities are eligible to submit an application, including nonprofits, Tribal organizations, and mission-driven for-profit entities in 38 markets where Wells Fargo and Enterprise can provide additional infrastructure to support implementation and help scale the winning innovations: Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Iowa, Kansas, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Washington D.C., Wisconsin, and Wyoming.
For complete program guidelines and application instructions, see the Wells Fargo Foundation website.
