Fannie Mae announced the launch of its 2022 Sustainable Communities Innovation Challenge (IC22), the company’s second such initiative, committing $5 million to attract innovative ideas that will help advance racial equity in housing. The Innovation Challenge is part of Fannie Mae’s Sustainable Communities Partnership and Innovation initiative, which focuses on developing collaborative, cross-sector approaches to advancing sustainable communities. IC22 will award contracts to organizations, companies and individuals implementing or scaling projects that remove barriers currently preventing many households, including Black households, from purchasing or renting a home. The Call for Ideas window will be open through June 17.