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Utah business leaders create a new $200,000 Ivory Prize for the best ideas on affordable housing

Officials launched what will be called the Ivory Prize in Housing Affordability, a $200,000 award to be shared among those with the best ideas in housing design, financing and policy.

The yearly prizes are being funded by Clark Ivory, CEO of Ivory Homes, Utah’s largest home builder, and his wife Christine though a family foundation, with support from the Sorenson Impact Center at the University of Utah’s Eccles School of Business.

The new awards, Ivory said Tuesday, will recognize “the most ambitious, adoptable and innovative solutions” to address the housing problem — as selected by a group of Utah and national experts.