cities leaves families vulnerable to displacement due to rising rents. Moreover, the rising cost of housing in many U.S. "Many Black and African American families are considered 'mortgage-ready,' but lack the capital needed for a down payment due to historic housing discrimination that has prevented Black people from building wealth. Dearfield Fund for Black Wealth (Denver, Colorado) – committed to closing the racial wealth gap and promoting Black homeownership by providing crucial down-payment assistance to first-time Black and African American homebuyers.“Their visionary approaches, from harnessing industrial-scale robotics to empowering marginalized communities, streamlining processes, and bringing transparency to zoning laws, inspire us to push boundaries and create a more accessible and equitable housing future for all,"Īdditional details about the four winners are included below and at. "These remarkable winners of the 2023 Ivory Prize for Housing Affordability exemplify the spirit of innovation and the transformative impact it can have on addressing the pressing housing affordability crisis,” said Clark Ivory, CEO of Ivory Homes and founder of Ivory Innovations. These winners embody innovation, equity, transparency, and efficiency, collectively driving solutions for housing affordability. PermitFlow streamlines construction permitting processes, expediting housing development in ways that can lower costs and increase affordability. The National Zoning Atlas brings transparency to zoning laws, illuminating their impact on housing availability. Diamond Age uses cutting-edge industrial-scale robotics, revolutionizing new home construction and addressing the labor shortage while increasing affordability. The Dearfield Fund for Black Wealth empowers Black homebuyers by providing down-payment assistance, enabling the creation of generational wealth. The winners of the 2023 Ivory Prize for Housing Affordability actively address the challenge of affordable housing through interconnected approaches. Ivory Innovations will distribute a total of $300,000 in prize money to support the transformative initiatives of these deserving winners. These four exceptional organizations have emerged as champions of innovation, demonstrating outstanding ambition, feasibility, and scalability in their efforts to tackle the urgent issue of housing affordability. The announcement was met with excitement and applause at the renowned Pacific Coast Builders Conference held in Anaheim, California. Newswise - Ivory Innovations, a leading organization dedicated to addressing the housing affordability crisis, proudly announces the winners of the highly anticipated 2023 Ivory Prize for Housing Affordability.
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