Enterprise Community Partners and Wells Fargo are pleased to announce the Housing Affordability Breakthrough Challenge, a bold initiative designed to spark innovations that support housing affordability in the areas of construction, financing, and resident services and support.

A collaboration presented by Enterprise Community Partners with generous financial support from Wells Fargo, the Housing Affordability Breakthrough Challenge invites creative innovators to participate in a competitive application process with an opportunity to receive a grant and technical assistance to further scalable housing affordability solutions.

Upcoming Grant Period

As administrator of the Housing Affordability Breakthrough Challenge, Enterprise will coordinate the three-stage competitive request for proposals (RFP) based on feasibility, creativity and impact at scale of the ideas. The first-round RFP will be made available in mid-January. Fifteen finalists will participate in a pitch competition in advance of naming the final six grant recipients by July 31, 2020.

Total Awards

The Housing Affordability Breakthrough Challenge will award grants to six entities. Each grant will comprise more than $2 million in grant dollars as well as provide technical assistance over a two-year period. In addition, each of the final six grantees will have the opportunity to collaborate with a dedicated support team of Enterprise staff and other leaders in affordable housing and community development to help turn concepts into action.

Key Dates for the Housing Affordability Breakthrough Challenge

Enterprise and Wells Fargo will co-host two optional informational webinars for potential applicants to learn more about eligibility, the three program areas and the application process.

Webinar: Understanding the Housing Affordability Breakthrough Challenge RFP Process