And the winners are...
The 2024 Winners
Construction & Design Winner: Villa
Informing & Empowering Localized Reparations
Villa is a homebuilding platform that focuses on building prefab homes in “missing middle” infill locations. Villa uses an asset-light approach by partnering with factories to build homes based on Villa’s designs. With a focus on modern design, quality construction, and affordability, Villa is creating a scalable solution that can meet the need for more attainable housing production across America.
"Villa is unique because they leverage the manufacturer-supplier network established around the manufactured home industry to deliver a more sustainable, cost-efficient, and reduced cycle-time product. This allows the company to scale, meeting a balance of standardization and variability for customer needs in ADU and low-rise housing. Villa holds great promise to move beyond California into other regions and I look forward with anticipation to their story unfolding." - Ryan E. Smith - Founding Partner of MOD X, Professor and Director of the University of Arizona College of Architecture, Ivory Prize Advisory Board Member
Activating Publicly-Funded Housing
Created by the the Housing Opportunities Commission (HOC) of Montgomery County, the Housing Production Fund (HPF) is a $100 million revolving fund that provides low-cost construction financing for the development of publicly owned, mixed-income housing. The HPF is expected to produce as many as 2,000 new housing units in the county by the end of the decade, of which at least 30% will be affordable. Jurisdictions across the country are now exploring how they can adapt this model as explored in recent stories in Vox and the New York Times.
"Montgomery County’s Housing Production Fund (HPF) is a worthy winner. They have utilized a public-private partnership model to create housing that remains affordable in perpetuity: a model that is replicable in other geographies. We were impressed by both the innovative design of this program, which uses municipal debt to provide the low cost construction loan for the mixed income developments, as well as the permanent affordability feature, as the HPF has majority ownership over its projects." - Laurie Goodman - Institute Fellow at the Urban Institute, Ivory Prize Advisory Board Member
Policy & Regulatory Reform Co-Winner: The City of San Diego: ADU Bonus Program
Crafting the Next Generation of ADU Incentives
The City of San Diego has implemented an Accessory Dwelling Unit (ADU) Bonus Program that offers increased density for Affordable ADUs. This incentive has led to the construction of naturally affordable deed-restricted ADUs throughout the city.
"San Diego’s bonus ADU program is a great example of what cities can accomplish when they truly want to build more housing. Be creative about opening up locations, make the process transparent and easy to navigate, and provide meaningful incentives in exchange for affordable homes." - Jenny Schuetz - Author of Fixer Upper, Senior Fellow at Brookings, Ivory Prize Advisory Board Member
Policy & Regulatory Reform Co-Winner: FirstRepair
Informing & Empowering Localized Reparations
FirstRepair has taken a local-to-national approach in the centuries-long movement for Black reparations. Nationwide, localities like Evanston, IL are prioritizing housing-related redress as a first tangible step to repair the legacies of slavery in the United States.
"FirstRepair's transformative approach to reparations not only rectifies significant historical injustice in the housing market but also contributes to more equitable and empowered communities and has proven to be a powerful model for communities across the country." - Chris Herbert - Managing Director at The Joint Center for Housing Studies of Harvard University, Ivory Prize Advisory Board Member
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