Celebrating over 25 years of innovation and leadership
Building strong communities is an enduring commitment at Bank of America Merrill Lynch. For over 25 years, the Low Income Housing Challenge has helped drive innovation and commitment among college students, and empowered new generations of affordable housing leaders.
HOW IT WORKS
Students form teams and enlist an academic advisor and developer sponsor. They work together to create a forward-looking, and feasible project that addresses all aspects of an affordable-housing development, including community needs, building design and financing. Students participate in education and feedback sessions, and present their final projects to a jury with expertise ranging from affordable-housing development to architecture and finance. Finalists will present their projects in person. The winner will be announced during an award ceremony in the spring.
WHO IS ELIGIBLE?
The Challenge is open to undergraduate and graduate student teams with an interest in real estate development, finance, architecture, planning, and community development.
BENEFITING STUDENTS AND COMMUNITIES
Students work with professionals in their chosen field. They earn academic credit (if applicable) and learn how to make a difference in people's lives. Finalists attend an awards celebration where they can engage and interact with industry leaders and network with like-minded peers.
The Challenge represents our ongoing commitment to drive meaningful change in low-income communities. From 2005 to 2016 Bank of America Merrill Lynch financed approximately 196,000 housing units, of which more than 160,000 were designated as affordable housing.
2018 CHALLENGE DATES
|January 25||Program Registration|
|February 8||Introductory Session – 1 hour|
|TBD||Finance Session – 2 hours|
|March 1||Initial Proposal|
|March 5||Notification of Acceptance of Proposal|
|March 7 – 21||Proposal Feedback Sessions – 2 Hours|
|March 30||Draft Financing Plan|
|Week of April 2||Review of Draft Financing Plan - 1 Hour|
|April 12||Written Submission for Regional Competition (if necessary)|
|April 19||Oral Presentation (if necessary) - in person at regional site or via conference call|
|April 20||Notification of Acceptance for Final Competition (if necessary)|
|May 10||Written Submission for Final Competition|
|May 15||Multimedia Presentation|
|May 17||Oral Presentation and Celebratory Event - San Francisco, California|