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Ivory Innovations Unveils Top 25 Finalists for 2024 Housing Affordability Prize


In a significant stride towards addressing the housing affordability crisis, Ivory Innovations, in collaboration with the University of Utah’s Ivory Boyer Real Estate Center, has announced the Top 25 Finalists for the 2024 Ivory Prize for Housing Affordability. These finalists represent a diverse array of innovative approaches poised to tackle the critical challenges of housing in the United States.
Abby Ivory, President of Ivory Innovations, emphasized the record participation in this year’s competition, noting the growing number of innovators dedicated to increasing housing affordability. “We are passionate about increasing the impact and scale of new ideas with the potential to improve the housing ecosystem,” she stated. The finalists, now part of Ivory Innovations’ network of innovators, gain access to valuable resources, including student internships and pro bono consulting services.

Innovative Approaches Across Sectors


The finalists’ projects span three key categories: Construction & Design, Finance, and Policy & Regulatory Reform.
  • Construction & Design: Companies like Apis Cor, known for mobile 3D printing solutions, and Villa, focusing on prefab homes, are at the forefront of revolutionizing housing design and construction technology.
  • Finance: Organizations such as Foyer provide financial pathways for first-time homebuyers, while Home Lending Pal utilizes AI to streamline mortgage assistance program eligibility.
  • Policy & Regulatory Reform: Pioneering projects from municipal and community organizations, such as the City of Detroit’s Land Value Tax Plan, bring innovative changes to policy landscapes to enhance housing access and affordability.

The Ivory Prize, operational since 2018, is renowned for spotlighting transformative and sustainable solutions aimed at reshaping the landscape of housing affordability. This year’s finalists join a comprehensive overview of more than 500 promising housing organizations across the country, as documented in the Ivory Innovations Housing Innovation Database.

Looking Forward


The announcement of the 2024 Top 10 Ivory Prize Finalists is slated for April, with the final winners to be revealed on May 16. For more information on these innovative solutions and to follow the upcoming announcements, visit Ivory Innovations.

More Articles

Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!

The iad Group: A New Era in the Brokerage Industry

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By |October 5, 2023|Categories: Real Estate Industry|Tags: |0 Comments
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Fair Housing Protections Based on Shared Ancestry and Ethnicity: A HUD Highlight

The U.S. Department of Housing and Urban Development (HUD), along with seven other federal agencies, has recently taken significant steps towards promoting fair housing. The agencies have clarified and enforced Title VI of the Civil Rights Act of 1964, which prohibits discrimination based on race, color, or national origin. Now, the protection extends to include discrimination based on shared ancestry and ethnicity. A housing-specific fact sheet has been published by HUD in collaboration with other federal agencies. This fact sheet provides guidance on reporting housing discrimination and seeking assistance, serving as a valuable resource for individuals who have experienced discrimination and are seeking justice.

By |October 4, 2023|Categories: Fair Housing Protections|Tags: |0 Comments
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Adjustments in Seller’s Prices Amid Rising Mortgage Rates

As mortgage rates rise, home sellers are navigating a challenging market landscape, adjusting their prices to attract potential buyers. Increasing mortgage rates present significant challenges for buyers, impacting affordability and decreasing demand for homes. In response, many sellers are reducing their prices. Despite these challenges, the median U.S. home sale price has shown resilience, rising by 3% year over year. As the housing market continues to evolve, it's crucial for both buyers and sellers to stay informed about the latest trends and dynamics.

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Persistent Challenge: Discrimination Faced by Non-White Homebuyers

Non-white homebuyers, particularly Hispanics and Blacks, continue to encounter discrimination during their search for a new home, despite existing legislation aimed at preventing such practices. According to a recent survey conducted by Redfin, 36% of Hispanics and 32% of Blacks reported feeling discriminated against throughout their homebuying journey. The study also highlights that discrimination extends beyond race, with 22% of LGBTQ+ respondents experiencing bias based on their sexual orientation. These findings shed light on the persistence of discrimination in the housing market, challenging the effectiveness of current laws and regulations.

By |October 3, 2023|Categories: Housing Discrimination|Tags: |0 Comments
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Soaring Mortgage Rates Reach Highest Level in Over Two Decades

In a startling turn of events, mortgage rates have skyrocketed to their highest level since 2000, causing ripples throughout the housing market. This surge is driven by inflation concerns and the Federal Reserve's plan to taper its bond-buying program. As the economy continues to recover from the pandemic, inflationary pressures are mounting, leading to higher borrowing costs. This article delves into the details of this alarming trend and its potential implications for the housing market.

By |October 3, 2023|Categories: Mortgage Rates|Tags: |0 Comments
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Ivory innovations announces 2024 housing affordability prize finalists 2026

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