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BOSA - Affordable Housing XPRIZE

3,530 views · Published 19 September 2016 · 2:05 · Indexed 8 November 2026

Channel: XPRIZE · 2016 · Science & Technology

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AFFORDABLE HOUSING XPRIZE
SPONSORED BY BOSA PROPERTIES WITH LEONARD BRODY

#HousingXPRIZE #Visioneers2016

http://www.xprize.org/visioneers/teams/affordable-housing

ENSURING EVERYONE HAS DIRECT ACCESS TO ACCEPTABLE AND AFFORDABLE HOUSING

The Affordable Housing XPRIZE focuses on a fundamental aspect of Maslow’s Pyramid of Needs – the need for safe, affordable, and desirable housing. Housing is one of our most basic human needs, yet due to rapidly increasing urbanization, it is in alarmingly short supply in our very own neighborhoods, our nations, and throughout the world.

The Affordable Housing Visioneers Team seeks to spark exponential leaps in construction technologies, speed and safety – ultimately decreasing both the time and cost it takes to make affordable housing available. The time to act is now. Information-enabled technologies are ripe to revolutionize the construction industry and solve this affordability crisis, creating meaningful change worldwide.

“We are designing a challenge to spark an exponential leap in construction cost, speed, and safety. This prize seeks to expedite and inspire the development of information enabled technologies to address the affordable housing crisis now.”

- TEAM AFFORDABLE HOUSING

Landscape:

The world is experiencing a global housing crisis. About 1.6 billion people live in substandard housing. Access to affordable and secure housing enables a healthier society; a lack thereof leaves individuals vulnerable and ultimately limits access to other necessities for healthy living such as healthcare and education.

The housing crisis, while affected by many factors, stems also from a lack of innovation in the construction industry over the past 250 years. It is no surprise, therefore, that global housing supply continues to fall depressingly short of demand, resulting in an ever-growing global deficit of 300 million housing units. As a result, 23 percent of earth's inhabitants lack affordable and secure housing. Within 15 years, it is estimated this percentage will rise to 40 percent of the total world population.

Prize Sponsor:

Bosa Properties is one of Canada’s most respected privately-owned companies, with over five decades of experience in development, contracting, and asset-management. With an uncompromising commitment to quality construction and innovative design, the wholly-integrated, family-run company boasts an extensive portfolio of residential, commercial, industrial and mixed-use urban properties.

Working alongside Leonard Brody, award-winning entrepreneur, venture capitalist, best-selling author, and media visionary – Bosa Properties is constantly looking for ways to innovate and evolve the housing industry, from the ground up.

The partnership chose to sponsor XPRIZE because they see it as the best-in-class solution for helping to solve one of the most monumental problems of our time. By leveraging the power of crowdsourcing, they are confident that the XPRIZE platform will help to provide a solution and an answer to our world's affordable housing crisis.

http://xprize.org

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ABOUT XPRIZE

XPRIZE is an educational (501c3) nonprofit organization whose mission is to bring about radical breakthroughs for the benefit of humanity, thereby inspiring the formation of new industries and the revitalization of markets that are currently stuck due to existing failures or a commonly held belief that a solution is not possible. XPRIZE addresses the world's Grand Challenges by creating and managing large-scale, high-profile, incentivized prize competitions that stimulate investment in research and development worth far more than the prize itself. It motivates and inspires brilliant innovators from all disciplines to leverage their intellectual and financial capital.

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