Enterprise and Wells Fargo Foundation Announce $20M Housing Affordability Breakthrough ...

credit: Florida Today

"We urgently need to reimagine access to quality affordable places to live in the US, which is so tightly linked to economic stability, physical and mental health, and ultimately generational wealth."

So says Otis Rolley, president of the Wells Fargo Foundation, in announcing the second annual Housing Affordability Breakthrough Challenge, a $20 million effort from Wells Fargo and Enterprise Community Partners to find solutions to the country's housing affordability problem.

The challenge, which will focus on three categories: financing, construction, and access and resident support, will offer 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, per a press release.

"We cannot address the serious housing affordability gap in this country without improving access and creating cost savings that will help boost supply," says Jacqueline Waggoner, president of Enterprise's Solutions Division.

Last year's winners, who received $2.5 million in grants to implement their solutions, will be selected by a panel of judges in the fall of 2023, with winners expected to take part in a multi-year initiative to share ideas and cultivate their innovations into solutions that can be applied in communities across the US.

Interested parties can learn more about the competition at Enterprise's website...

Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

Linc Housing Announces Reorganization as Nonprofit Positions Itself for Substantial Growth

"We've spent the last few years putting into place a stellar team of professionals to guide Linc into our next phase of growth, bringing innovation and new ideas that will carry our mission...more

Abel and Judy Friedman Charitable Foundation
Foundation: Friedman Charitable Foundation

Chicago'sbel Friedman is known for his philanthropy, but it's what he and his wife, Avi, have done for Chicago's Jewish community that's caught the attention of the Chicago Tribune. The couple...more

Q&Amp;A with School Board Candidate Susy Struble

Susy Struble is running for a seat on the Piedmont Union School District Board of Education in Northern California, and she's making a point to say she's not running for the money. "I'm running...more

Creative Time'S Justine Ludwig Interview on the Art Non-Profit Turning 50 in 2024
Foundation: MacArthur Foundation

"We are thinking about the whole arc of what it means to support an artist," says Creative Time CEO Jill Magid, "not just the final product, but those moments of community building, those moments of...more

Reflections on Fifty Years, by Dee Boyle-Clapp : Arts Extension Service

When Stan Rosenberg founded the Arts Extension Service at the University of Massachusetts in 1960, he envisioned it as a way to "develop and nurture arts and culture in communities and community...more

Zilber Family Foundation: Welcomes Two New Board Members, New Staff

The Zilber Family Foundation has been around for more than a decade, focusing on affordable housing and community development in Milwaukee. Now it's adding two new members to its board,...more

United Way of Greater Cleveland Donors Match Landmark $10 Million Grant from the Jack ...

When Jack and Joseph Mandel decided to donate $10 million to the United Way of Greater Cleveland in 2022, they didn't just give it to the cause. They gave it to the endowment they started in...more

Spokane Businesses Owned by People of Color Awarded New State Grant Funds

People of color make up about 20% of Spokane County, Wash., but they own about 8% of the county's businesses, reports the Spokesman-Review. That's why the Spokane Workforce Council is...more

Press Release: Ok Arts Council Grants and Programs Offered for Fiscal Year 2025

The Oklahoma Arts Council has released its annual list of grant requests, and it's a doozy. This year's list includes a call for artists to "bring the arts to other statewide organizations," as...more

Sustainable Finance Influencers: Bob Helmuth

One of the world's biggest asset managers is taking a stand against climate changeby investing in some of the world's poorest countries. Envestnet, which has more than $100 billion in assets...more