Deutsche Bank and Enterprise Community Partners Announce Lowering the Cost of Housing Winners
To address the shortage of financing tools and market-based strategies that help make affordable housing developments economically viable, Deutsche Bank Americas Foundation, Enterprise Community Partners and UPSTATE launched the Lowering the Cost of Housing Competition to draw out the most advanced thinking about design, policy, sustainability, and cost-effective building practices. The competition received submissions from multidisciplinary teams that are creating multifamily affordable housing projects that improve neighborhoods while reducing development and building costs.
Judi Kende, LIIF’s Senior Vice President, Eastern and Central Regions, was among seven judges of design professionals, sustainability and construction experts and financial institutions that selected the competition’s winners. The Bayside Anchor development program, of Portland, Maine, was awarded $250,000 for its proposal to build a prefabricated 42-unit multifamily housing development, while Austin, Texas based ACDDC was awarded $25,000 for its innovative research on low cost single family housing units.Read the full media release at UPSTATE
- Learn more about LIIF’s Affordable Housing Program