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  Announcing the winners of the inaugural Ivory Prize:  

FOUR INNOVATORS AWARDED FUNDING TO TACKLE HOUSING AFFORDABILITY 
Factory OS and Landed in San Francisco, Home Partners of America in Chicago, and the Alley Flat Initiative in Austin have been selected by Ivory Innovations as winners of the inaugural Ivory Prize for Housing Affordability. The four innovators were recognized at the National Press Club in Washington, DC, on April 10. The annual national innovation challenge sheds light on emerging and impactful solutions seeking to address America's housing affordability challenges.

The four winning efforts, which were chosen by an advisory board made up of national housing leaders, received cash prizes totaling over $200,000 and publicity from HanleyWood, one of the leading business-to-business media companies in the United States. Selection of the winners was based on their efforts to develop ambitious, feasible, and scalable solutions to housing affordability within three areas of focus: construction and design, finance, and public policy and regulatory reform. 
Construction and Design Winner: Factory_OS
Innovation: Transforming the construction industry by delivering modular units more than 40% faster and at a 20% lower cost than traditional construction. 

 
Finance Co-Winner: Landed
Innovation: A shared appreciation model targeting essential professionals (starting with educators) in America's most expensive cities with a goal to build financial security for educators in or near the communities in which they serve. 

 
Finance Co-Winner: Home Partners of America
Innovation: Lease-purchase program allowing households that are not currently mortgage-qualified to obtain listed housing in over 40 metropolitan markets and 20 states nationwide. 

 
Public Policy and Regulation Reform Winner: The Alley Flat Initiative
Innovation: Designed development incentive programs to promote income-restricted accessory dwelling units (ADUs) and provide assistance to lower-income owner-developers who are facing displacement due to rapid growth.
126 APPLICANTS FROM 29 DIFFERENT STATES 

The winners of the inaugural Ivory Prize for Housing Affordability were selected from among 126 applicants across 29 states. The Prize was designed to advance projects and reward innovators for their efforts to develop adoptable solutions to tackle housing affordability. Ten finalists were announced at the Winter Innovation Summit in Salt Lake City on February 7, and the winners were announced at the National Press Club in Washington, DC, on April 10. 
Learn more about the Ivory Prize and inaugural group of winners at ivory-innovations.org.
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