Valuing Homes in Black Communities
Do you have a structural innovation that fully values homes in Black communities? Join our collaborative Challenge. Connect to a community of innovators. Participate in the opportunity to win additional funding of up to $100,000 to help drive change forward.
Over 3.2 million owner-occupied homes in Black-majority neighborhoods across America have been collectively devalued by $156 billion. The devaluation of homes in Black-majority neighborhoods reflects the systemic and ubiquitous bias that exists in the U.S. housing market.
Together, Ashoka and Brookings are launching this Collaborative Innovation Challenge to foster a new generation of structural innovations to address devaluation.
We believe people across the country are developing powerful innovations with the potential to (re)design our markets so they reflect the value of homes in Black communities; the value of homes as financial asset, as the place where people live their lives, and as the building blocks of communities.
Participants can submit applications from now until January 13th. We are looking for applications from innovators who are advancing policy-based and market-based change on the local, regional and/or national scale. Participants will have a chance to win funding of up to $100,000.
Participants who submit their application by November 18th, may also qualify for additional funding of up to $15,000 along with guaranteed advancement to the semifinalist round.
For in-depth insights and to learn about emerging innovations that address the devaluation of homes in Black communities, see our website: Valuing Homes in Black Communities.
If you have any questions regarding the Challenge or our research, please contact us at email@example.com.
October 28, 2021: Challenge Opens
- Participants may begin submitting entries.
November 18, 2021 [5:00 PM ET]: Early Entry Deadline
- Participants who submit and eligible entry by this deadline will be considered for the Early Entry Prize (see below).
January 13, 2022 [5:00 PM ET]: Final Entry Deadline
- The application period closes and submitted, eligible applications continue to the Screening & Community Review phase.
January 14, 2022 - February 9, 2022: General Screening & Community Review
- Participants network and provide peer feedback to one another.
- Screeners select semifinalists.
February 10, 2022: Semifinalist Announcement
February 11, 2022 - March 1, 2022 [5:00 PM ET]: Semifinalist Refinement
- Semifinalists have an opportunity to refine their applications based on feedback.
March 2 - 30, 2022: Semifinalist Screening & Shortlisting
- A panel reviews semifinalist submissions and selects finalists.
March 31, 2022: Finalist Announcement
April 1 - 20, 2022: Judges Review
- A judges panel select winners from among finalists.
April 21, 2022: Winners’ Announcement
All eligible participants will receive:
- The opportunity to view, review and connect with other Challenge applicants.
- Feedback on their Challenge application from their peers.
- Feedback on their Challenge application from screeners selected by Ashoka and/or the Brookings Institution.
Early Entry Winners will receive:
- A cash prize of up to $15,000 each.
- Additional feedback on their Challenge application from Ashoka colleagues on how to strengthen their application during the Refinement phase.
- Automatic passage into the Semifinalist phase of the Challenge.
Semifinalists (up to 33% of total applicants) will receive:
- An opportunity to refine their entries and incorporate feedback received from peers and reviewers.
- Additional feedback from Challenge screeners selected by Ashoka and/or the Brookings Institution.
Finalists (up to 30) will receive:
- An opportunity to network virtually with Challenge partners.
Winners (up to 10) will receive:
- A cash prize of up to $100,000 each.
- An opportunity to collaborate with Challenge partners.
Participants must meet the following eligibility criteria:
- All persons involved with preparing or submitting this application are over 18 years of age.
- All persons involved with preparing or submitting this application as well as the organizations affiliated with the application are committed to advancing racial equity.
- All persons involved with preparing or submitting this application agree to the Valuing Homes in Black Communities Challenge Terms and Conditions.
- No person involved with preparing or submitting this application has a conflict of interest in participating in the Valuing Homes in Black Communities Challenge or was involved in the Challenge’s design, decision-making, or administration.
- The innovation has a clear path for success and has demonstrated initial momentum. (See FAQs below.)
- The applicant represents a citizen sector, private sector, or public sector entity with an organization registered in the United States. Alternatively, this innovation is affiliated with a partner that is registered in the United States and could accept funds on behalf of the innovation.
- The applicant is authorized or has approval from the sponsoring organization to submit and/or represent this application in this Challenge.
The selection committee and judge's panel will be looking for Changemakers who provide strong answers to a range of questions about what your initiative does, what connects you to this topic, and how you plan to bring about structural change. Entries will be evaluated on the following criteria:
- Focus: Does the innovation focus on increasing the value of homes in Black communities? (See FAQs for what we mean by the “value of homes”.)
- Structural: To what extent does the innovation create structural change in the market? (See FAQs for what we mean by the “structural change“.)
- Impact: To what extent does the innovation increase the value of homes in Black communities?
- Strategic Path: Does the innovation have a clear path to bring about structural change in the market?
- Creativity: Does the innovation bring a new approach to valuing homes in Black communities?
- Ethics: Is the sponsoring organization committed to advancing racial equity?
- Dedication: Is the sponsoring organization committed to carrying out their initiative and creating a lasting impact?
In addition to our evaluation criteria described above, the group of winning teams will be selected to represent the diversity of applications received and the diversity of the field. Diversity will refer to: gender, accessibility, class, ethnicity, race and age. Diversity can be showcased in the target audience of a project, its partners or the team representing it.
The Valuing Homes in Black Communities Challenge is led by teams at Ashoka and the Brookings Institution.
Valuing Homes in Black Communities Challenge
Metropolitan Policy Program, Brookings
Valuing Homes in Black Communities Challenge
Leadership Group Member
Funding support has been provided by philanthropic partners, local foundations including the Chicago Community Trust and financial institutions including JP Morgan Chase and Wells Fargo.
This is collaborative effort reflects the contribution of a broad number of partners. If you or your organization are interested in getting involved, please contact
(Frequently Asked Questions)
Applicants' entries will be published on the Challenge platform and accessible by the public. You can identify the sections of the application form that will be displayed publicly by their label “Public”. Entry information may also be shared with third parties for evaluating and processing the applications. The Challenge Partners will implement appropriate measures to ensure the Applicant’s Confidential Information is not actively revealed to any third-party that is not necessary to such related activities.
Review the full Terms and Conditions for more information about the program, including participation, intellectual property, use of prize money, use of the information you submit as a result of your participation in the program, and more.