Fannie Mae Sustainable Communities Innovation Challenge 2022
Advancing greater equity in housing is rooted in Fannie Mae’s mission and integral to our environmental, social, and governance strategy. That's why we launched the Sustainable Communities Innovation Challenge 2022: Advancing Racial Equity in Housing (IC22), a $5 million nationwide competition to identify innovative projects promoting racial equity in housing in the United States. IC22 builds on Fannie Mae's previous Sustainable Communities Innovation Challenge, which awarded over $7 million in contracts to 13 organizations driving innovative projects that link affordable housing to education, health, and economic opportunities.
Now, through IC22, Fannie Mae has awarded five deliverable-based contracts to organizations who are implementing or scaling projects that address barriers many Black renters, homebuyers, and homeowners face, specifically related to the insufficient supply of quality affordable housing options, insufficient funds, and credit challenges.
Advancing Racial Equity in Housing
Through the Sustainable Communities Innovation Challenge 2022, a $5 million competition to promote racial equity in housing, Fannie Mae selected and awarded contracts to solvers who are implementing and scaling innovative ideas that contribute to a more equitable housing system in America. Explore the many innovative ideas submitted to The Innovation Challenge in our searchable database.
Learn about some our previous Innovation Challenge award recipients and the tremendous outcomes of their projects:
- Come Dream. Come Build.: An expanded counseling program facilitates sustainable homeownership in low-income communities
- Build UP: A high school program revitalizes communities and equips students for employment and homeownership
- HRDC: A trauma-informed tiny home community addresses chronic homelessness
- Children's National Health Systems: Telemedicine visits identify likely indoor triggers of childhood asthma