PR Newswire
WASHINGTON, Jan. 15, 2020
WASHINGTON, Jan. 15, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the selection of five innovative ideas to receive contract awards under phase three of the Sustainable Communities Innovation Challenge (The Challenge). The Challenge is a nationwide competition to generate solutions to the nation's affordable housing issues. In the final phase, Fannie Mae sought innovations at the intersection of affordable housing, education, and economic mobility.
"Safe, stable, affordable housing is a fundamental component to an individual's overall well-being and quality of life," said Maria Evans, Vice President, Sustainable Communities Partnership and Innovation, Fannie Mae. "The five proposals we selected offer compelling solutions to persistent problems. We are excited to work with these organizations to increase the supply and improve the quality of affordable housing, prepare the next generation of workers in skilled trades, and increase access to early learning in healthy, thriving communities across the country."
Contract Awardees and Their Innovative Ideas
These contract awardees were selected in the third phase of Fannie Mae's Sustainable Communities Innovation Challenge. To learn more about the five contract awardees and their innovative solutions, please visit https://www.fanniemae.com/thechallenge/
The Sustainable Communities Initiative supports innovative solutions to address the affordable housing crisis. We strive to connect people with tools, elevate and amplify ideas, and drive changes in the housing market that increase access to affordable housing located in healthy, thriving, sustainable neighborhoods that offer quality education, healthy homes, and well-paying jobs.
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.
SOURCE Fannie Mae
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