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

credit: First Coast News Photo: Chris Porter

"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

Spring Acquires Future Capital to Create an Inclusive Investment Ecosystem Across Canada

"We are now able to connect more diverse, impact-driven founders and funders and we see an increasing need in the market to do so." So says Keith Ippel, a co-founder and CEO of Vancouver-based...more

Spring Acquires Future Capital to Create an Inclusive Investment Ecosystem ...

"The future of capital looks different than it did yesterday," Caroline von Hirschberg, co-founder and co-CEO of Spring, says in a press release announcing the company's acquisition of Future...more

Allergy &Amp; Asthma Network Names Lynda Mitchell, Cae as Chief Executive Officer

The new CEO of Allergy & Asthma Network says she wants to make sure people suffering from allergies and asthma know they're not alone. Lynda Mitchell, a certified executive executive with more...more

Cryptocurrencies And The Future Of Philanthropy

Bitcoin may be the currency of the future, but there's still a lot of work to be done before it can be used for charitable purposes. That's according to a study published Tuesday in the Journal...more

Mural Arts Philadelphia: Public Art as A Conduit for Urban Transformation, Political ...

Philadelphia is known for its cheesesteaks, its sports teams, and its status as "the unofficial 'Mural Capital of the World,'" writes Makenna Walko in the Huffington Post. But it's also home to...more

Mediacom Business Joins Effingham County Chamber

A small-town Illinois company is getting national attention for its unusual way of giving back to the community. Mediacom Business has partnered with the Effingham County Chamber of Commerce to...more

Lilly Endowment Inc. Reduces Stake in Eli Lilly and Co.
Foundation: Lilly Endowment

Warren Buffett's Berkshire Hathaway has a big stake in Eli Lilly and Co. (NYSE: LLY), and it's about to shrink. The company said in a regulatory filing that Buffett's company, Berkshire...more

Ashley Brister on Community Farming: 'This Food Is Going to Families Who Really Need It'

When Ashley Brister started Sharing the Harvest Community Farm in Dartmouth, Mass., a few years ago, she had "no real awareness" of where her food came from. "I had no real awareness and didn't...more

Asl Tulsa Museum Tours Funded by Typros Grant Recipient

"It's a really great start and I want to see what happens in the future." Those are the words of Alex Gauger, a museum educator in Tulsa, Okla., who came up with the idea for a series of American...more

Lakeshore Advantage Turns 20: A Look Back at Initiatives That Grew the Economy
Foundation: Community Foundation of the Holland/Zeeland Area

West Michigan's lakeshore is one of the fastest-growing counties in the state, with the area's economy growing at about twice the rate of the state as a whole since the turn of the century,...more