Nonprofit Ivory Innovations has announced the finalists in its 2024 Ivory Prize for Housing Affordability. The Ivory Prize, now in its sixth year, culminates in $300,000 of grants to winners in three categories: Construction & Design, Finance, and Policy & Regulatory Reform, all focused on finding housing solutions to address affordability challenges.
The 25 finalists, which are selected by Ivory Innovations' Advisory Board of housing industry experts, will have access to Ivory’s network of innovators and capital partners and will also enjoy in-kind support such as sponsored student interns and pro bono consulting services.
“We spoke with more than 200 organizations for the sixth annual Ivory Prize, a record since we launched the Ivory Prize in 2018. This illustrates the growing number of innovators across the country working on important efforts to increase affordability,” said Abby Ivory, President at Ivory Innovations and Program Manager at the University of Utah’s Ivory Boyer Real Estate Center. “We are passionate about increasing the impact and scale of new ideas with the potential to improve the housing ecosystem. These innovators are notable for the strength of their innovations, focus on affordability, and optimism to build solutions that can make a real difference for the country.”
Advertisement
Related Stories
Housing Markets
5 Housing Markets That Would See a Huge Increase in Homeownership if Mortgage Rates Dropped
Spokane, Wash., would experience an 11.4% increase in affordability if rates dropped to 6%
Affordability
Survey Shows Buyers Have Homebuying Regrets
More than 80% of respondents have regrets about their home purchase and 50% of upcoming buyers would consider forgoing using an agent
Awards
4 Housing Affordability Organizations Awarded 2024 Ivory Prize
Ivory Innovations will provide $300,000 in total prize money to support winners’ initiatives