Participants will receive information on a hypothetical plat the day of the competition. The parameters given on the lot are chosen to reflect the circumstances commonly found in a larger area of Spokane Region. The zoning, size, and building codes will require teams to overcome real-world limitations faced by real estate developers, builders, architects, policy makers, and financial institutions in Spokane.
Proposals are required to be submitted within the 24-hour timeframe of the competition. Winners will be announced at 7:00 PM on November 2nd, so no late proposals will be considered by the judges. Teams are cautioned against coming to the competition with pre-prepared work, this is not in the spirit of a hackathon and is evident when the judges review proposals.
ALL PROPOSALS MUST DECREASE THE NET ANNUAL COST OF HOUSING FOR RESIDENTS LIVING IN THE DWELLINGS BY $10,000. THIS CAN BE ACCOMPLISHED BY BOTH IMPROVING UPON COSTS AND/OR ADDITIONAL REVENUE GENERATION.
All participants with housing focused proposals who meet this requirement will be eligible to win. Ideas will be judged first based on the feasibility of the solution and second on the uniqueness of the proposal. Teams are encouraged to pursue innovative and scalable solutions which cross sectors and can be applied broadly to a segment of the housing market in addition to fitting the particular parameters provided the day of the competition.
Winners of the competition will be awarded to the team whose idea combines innovation in 1) housing finance, 2) policy, and 3) design + construction into a realistic and unique proposal.
A 2nd and 3rd place prize of a gift certificate to the Bookie will be awarded as well.