“Over the last few years, the number of new housing starts has not kept pace with the number of new household formations. In round numbers, since 2010, only 7 new housing units have been built for every 10 households formed. This has contributed to a shortage of housing and has clearly added to the challenge of housing affordability. The Ivory Prize for Housing Affordability will help identify some of the work which is underway around the country to help provide an affordable pathway to homeownership or reduce rents, and to publicize these efforts so they can be shared and adopted by others.”
-Kent Colton: President, Colton Housing Group, Senior Fellow Harvard University.
“Community leaders and policy experts widely recognize the impact of housing on our nation’s economy and individual lives of each American. What is less recognized is the important – and at times overlapping – roles the public and private sectors play together in meeting housing needs. I value the Ivory Prize for Housing Affordability for this very reason. We need affordable housing solutions from both private businesses and the public square. I’m excited to see innovative ideas in public policy, construction, design and finance that will make an oversized impact on this oversized problem.
- Natalie Gochnour: Director, Kem C. Gardner Policy Institute