Homeownership: Encouraging New Construction

Recognizes programs that best encourage the new construction of affordable ownership housing.

Judging Criteria

Homeownership entries will be judged on the degree to which they:

  • Are innovative
  • Are replicable
  • Respond to an important state housing need
  • Use data, research, and analysis to demonstrate measurable benefits to HFA targeted customers and underserved markets
  • Have a proven track record of success in the marketplace
  • Provide benefits that outweigh costs
  • Demonstrate effective use of resources
  • Effectively employ partnerships
  • Achieve strategic objectives

If you have questions, please email awards@ncsha.org or call 202-624-7710.

2023 Winner

Minnesota Housing

2023 Entries

Maryland Department of Housing and Community Development:
Homeownership Works (HOW)

Low property values both reflect patterns of racially predicated disinvestment and perpetuate them. Homeownership Works (HOW) reduces the resulting disparities in household wealth across racial lines by strategically investing in quality affordable homeownership opportunities. In concert with local stakeholders, HOW also complements the creation of new and renovation of Legacy Homeowner housing with upgrades to physical and social neighborhood infrastructure.

Minnesota Housing:
Community Land Trusts

To develop homes that are perpetually affordable, Minnesota Housing invests in and partners with community land trusts (CLTs). The CLT model is a shared equity homeownership model where homeowners and CLTs share ownership of a home. CLTs hold the propertyā€™s land in trust while selling the structure and improvements to the homebuyers. Through the Community Homeownership Impact Fund, Minnesota Housing is creating, preserving and financing housing that is affordable for all Minnesotans.

Virginia Housing:
Richmondā€™s First 3D Home

In 2021, Virginia Housing established a public-private partnership to launch a 3D housing development initiative. Spurred by a $500,000 Innovation Demonstration grant to source a large-format 3D printer from Danish company Construction Of Buildings On Demand, or COBOD, this effort helped bring the first 3D home to Richmond, further innovation in construction in Virginia, as well as three additional homes which have been completed in the last year.