PRESCIENT TO FEATURE NEW TECHNOLOGY THROUGH PROTOTYPE AT INNOVATIVE HOUSING SHOWCASE

WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and the National Association of Homebuilders (NAHB) today announced Prescient, a digital design-build company linking the discrete disciplines of architectural design, engineering, manufacturing and construction, will exhibit its new technology through a housing prototype at the inaugural "Innovative Housing Showcase," June 1-5, 2019, on the National Mall in Washington, D.C.

The prototype will feature a building system that harnesses the power of technology to improve the way multi-unit residences are designed, manufactured and assembled.

"We're excited to feature innovators in housing and building technologies that are addressing some of the most pressing issues facing the housing industry, namely affordability and durability, through the use of new and innovative construction methods," said HUD Secretary Ben Carson.

"The housing affordability crisis is affecting both builders and consumers nationwide. We are honored to be co-hosting this event with HUD to showcase exhibitors who are working to find solutions to this growing problem," said Greg Ugalde, chairman of the National Association of Home Builders.

"Prescient's vision is 'Attainable Housing for All.' So we're thrilled to participate in this showcase to show the public and policy makers how our system and technology produces top quality multifamily housing that is more affordable and resilient during national disasters. This is such an important need for Americans today and we're proud to be part of the solution," said Magued Eldaief, CEO, Prescient.

The Innovative Housing Showcase is a five-day event on the National Mall that will highlight an array of new technologies and building solutions. These innovations could make housing more affordable for American families and more resilient during natural disasters. For more information, please visit www.hud.gov/Innovative_Housing.

WHAT: HUD's Inaugural "Innovative Housing Showcase" WHEN: June 1-5, 2019 WHERE: National Mall, Washington, D.C. DETAILS: Please visit www.hud.gov/innovative_housing.

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HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. More information about HUD and its programs is available on the Internet at www.hud.gov and https://espanol.hud.gov.

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