Year 5 of Ivory Innovations’ competition spotlights solutions in home construction, finance and public policy.
The nonprofit Ivory Innovations has released its list of 25 best concepts for housing affordability. Three of those concepts will ultimately share a top prize of $300,000. One of the competition categories is for new home construction. Here, construction is underway at a Daybreak project in South Jordan on Thursday, May 19, 2022, is one of the contest categories.
For the fifth year Ivory Innovations, a nonprofit housed out of the University of Utah’s Eccles School of Business, is holding a sustainable housing competition and awarding $300,000 to companies with “ambitious, feasible, and scalable solutions to housing affordability.” There are three main categories: construction and design, finance and public policy/regulatory reform.
On Monday Ivory announced 25 finalists for this year’s Ivory Prize, which will ultimately be winnowed down to three winners in the coming months.where more than 500 housing solutions from “nonprofits, for-profits, and public sector efforts” are organized by state. Utah, for example, has 12 different efforts including an organization offering automated legal help for tenants threatened with an eviction notice.
“As we work to address the nation’s housing shortage and affordability crisis, one bright spot is innovation,” said Kent Colton, chairperson of the Ivory Innovations advisory board. “The Ivory Prize Top 25 Finalists in 2023 highlight the important work which is underway to achieve creative change and solutions throughout the country. Most importantly, they will make a difference in the lives of the many people who seek and need affordable housing.
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