The Terner Prize is being inaugurated to commemorate Don Terner on the tenth anniversary of his death. It will be awarded biennially to the affordable housing project and leadership team that best exemplifies the spirit of Don Terner’s work, commitment to affordable housing.

One winner will be chosen to receive the First Prize Award of $25,000. Five finalist teams will be awarded leadership stipends of $5,000 so that they may “light the light” for the next generation of leaders in the affordable housing industry by participating in conferences, seminars, or colloquia.

A jury to select the finalists and winning team is comprised of people from the fields of planning, architecture, development, finance, government, academia and media. They are chosen for their demonstrated integrity, expertise and commitment to the guiding principals of the Terner Prize.

The Terner Prize is administered by the Center for Community Innovation at the University of California, Berkeley. The 2008 deadline for submission is August 18, 2008. Visit the site to learn more.