flexiblefullpage - default
Currently Reading

AI Solutions to Overcome Barriers to Housing Development

billboard - default

AI Solutions to Overcome Barriers to Housing Development

Two startups leveraging technology to drive affordable housing solutions win 2023 Ivory Prize for Housing Affordability

April 20, 2023
Innovation for progress
Image: freshidea / stock.adobe.com

According to a recent report by market intelligence firm Tractica, the global market for artificial intelligence (AI) is set to reach $118.6 billion by 2025, up from just $9.5 billion in 2018, but the housing industry has been relatively slow to adopt AI solutions.

Startups Arx and Madelon aim to change that by leveraging technology to drive affordable housing solutions. Both are finalists for the 2023 Ivory Prize for Housing Affordability, which awards innovators for their efforts and provides support to further advance their projects. 

"Arx and Madelon are prime examples of how AI is being used to address the affordable housing crisis," said Kent Colton, chairman of the Ivory Innovations Advisory Board. "Their innovative approaches to optimize site selection, automate the pre-development process, and integrate modular construction methods are noteworthy for the industry."

Arx is using AI and machine learning to optimize site selection and underwriting for developers and investors. ...

Madelon is focused on productizing and democratizing development by utilizing technology to facilitate the analysis, design, and development of infill multifamily residential projects through their REDtech software platform. ...

Read more


Related Stories


Lebron James I Promise Program Opens New Akron Housing Complex

A LeBron James-backed I Promise affordable housing complex opened its doors to 50 families in Akron, Ohio, this week


Housing Policy + Finance

Pittsburgh Urban Redevelopment Authority Increases Investment for Affordable Housing

The redevelopment authority recently advanced a $42 million bond issue to fund new affordable housing projects

Government + Policy

Home Building Professionals Call on Congress to Address Housing Issues

More than 700 home building professionals marched on Capitol Hill this week to urge Congress to address key issues impeding new affordable housing production

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.