Oct 9 2018 18839 1

Dated: 10/09/2018

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Fannie Mae offers $10M for affordable housing ideas

WASHINGTON – Oct. 8, 2018 – Fannie Mae announced a new Call for Ideas on Healthy Affordable Housing – part of The Innovation Challenge, which Fannie calls a key component of its Sustainable Communities Initiative that challenges public, private and nonprofit sector organizations to reimagine affordable housing as the prescription for a healthy life.

The application period is open through Nov. 1, 2018.

The Innovation Challenge is "a two-year, $10 million commitment to source new ideas through entering into contracts for services by reaching outside of Fannie Mae and our traditional partners," Fannie says in its media release. "Uncovering and exploring new ways to address our nation's housing needs, starting with affordable homes in underserved communities, is a major step towards a healthier future."

"The Innovation Challenge addresses the evolving needs of homebuyers, homeowners, and renters where they overlap with health and wellness issues," says Fannie Mae's Executive Vice President and Head of Multifamily Jeffery Hayward. "Access to affordable homes that keep residents safe and healthy is a critical industry issue, and one that requires us to look at how housing and health impact each other in order to find the best solutions."

The Innovation Challenge welcomes applicants to propose ideas that respond to one or more of the following problem statements:

  • How might we use innovative technology and design to improve affordable homes to better support health, promote overall wellness, or prevent disease and illness?

  • How might we leverage finance vehicles to incentivize the creation of affordable homes that promote health and wellness?

  • How might we foster design that promotes diverse, sustainable, multigenerational affordable communities in which all individuals can remain a vibrant part of their community through every stage of life?

© 2018 Florida Realtors®

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