COVID-19 has intensified the already dire housing crisis in America. The need for innovative solutions for housing affordability and sustainability is greater than ever.
The Ivory Prize for Housing Affordability given by Ivory Innovations, an applied academic institution at the University of Utah’s David Eccles School of Business, was established in 2018 to advance projects and reward innovators for their efforts to develop affordable solutions to tackle housing affordability.
Ivory Innovations recently proposed six pathways to make housing more affordable and available, based on innovation underway and recognized through the Ivory Prize process.
- Removing regulatory barriers at the local, state and federal level to allow more homes and apartments to be built and reduce the time and cost of building
- Innovation to build faster, increase productivity and lower costs
- Creative finance to allow more people to qualify for a mortgage and buy a home, and to provide more affordable rental housing
- Assist renters to improve their financial position and credit scores to help them achieve homeownership
- Using existing housing and land to provide greater housing opportunities
- Preserve and produce affordable housing in neighborhoods, building on the people and strengths of that community
Read more about each proposal in the full article in the Stanford Social Innovation Review.