The Bank of America/Merrill Lynch Low Income Housing Challenge pits eight teams from six West Coast universities against each other to develop affordable housing proposals for potential future development.

Now in its 24^th year, the goal is to attract undergrad and grad students to be part of the next generation of the affordable housing industry. The bank challenges the students to envision new and innovative models of housing for low-to-moderate income residents.

According to what housingwire tells MHProNews, a jury of affordable housing professionals with backgrounds in architecture, development, finance, planning and government will judge the proposals. One of the guidelines is the proposals must not only be forward looking, but also feasible given the current economic and environmental climate. No mention was made of factory-built housing. ##

(Image credit: fotosearch–blueprint with thumbs up)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.