The "Re-Defining Home: Home Today, Home Tomorrow" competition invited architects and designers around the country to submit plans to renovate a home in Memphis, which will be gifted to a veteran family this fall. Hosted by Home Matters, AARP, the AARP Foundation, and the Wells Fargo Housing Foundation, the competition asked entrants to design a structure that accommodates aging-in-place and incorporates Universal Design principles, as at least one member of the receiving family will be over the age of 50. The budget for the remodel was $75,000.

The three winning design teams were announced today. The first-place prize goes to Gabriel Espinoza, Carmen Velez, and Timothy Gargiulo, three junior architects practicing in New York City. Their proposal will be integrated into the home, and the renovated structure will be unveiled in November 2016.

The existing dwelling featured a number of small, cramped rooms and tired finishes. Far from accessible to a person of limited mobility, the layout presented a clear challenge to the entrants of the competition to create a more dynamic spatial flow. Another obstacle: the house was only accessible via several steps up to the front door, meaning that if a resident required a wheelchair at any point in the future, they wouldn't have a way to enter their home. The point of the challenge was to come up with a flexible design solution that wouldn't require extensive retrofits down the line, ensuring that the residence would be a comfortable place for a family to live for the long haul.

Get a glimpse of the winning submission below, and head to Home Matters for more details about the first, second, and third place entries.

In the video above, hear how the winning team came up with their proposal.