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About the Reconstruct Challenge

The goal of the Reconstruct Challenge is to facilitate new and innovative approaches to the affordable housing crisis in the Louisville and Southern Indiana metropolitan service statistical area (MSA). The Louisville and Southern Indiana MSA includes [insert brief geographic description of borders/counties, zip codes etc. to make this as clear as possible. Is there a link we could include?]  We hope to identify effective solutions, scale them across our region, and then see national adoption of the solutions due to local success.

While the Louisville and Southern Indiana MSA is facing a shortage of over 18,000 units of affordable housing, we realize affordable housing is about much more than bricks and mortar solutions. By better controlling these additional costs, we can help make more equitable housing accessible for cash-strapped citizens.

We feel so strongly that these issues are important (and often overlooked) that the Reconstruct Challenge explicitly does not provide funding for the construction or renovation of housing units. Rather, we want to address the challenges that surround the housing gap, so that we can focus on making housing more affordable with non-traditional solutions.

You may propose a solution in one of the following categories:

Opportunity Zones

Significant portions of the Louisville and Southern Indiana MSA are federally designated Opportunity Zones. One intangible goal of the Reconstruct Challenge is to incentivize investment and community growth within these zones. Please note, it is not a requirement of the Reconstruct Challenge that your work take place in an Opportunity Zone.

Opportunity Zones are low income census tracts nominated by governors and certified by the U.S. Department of the Treasury into which investors can now put capital to work financing new projects and enterprises in exchange for certain federal capital gains tax advantages. The country now has over 8,700 Opportunity Zones in every state and territory. To learn more about Opportunity Zones, click here.