Cross-sectoral collaboration that can untap new sources of capital.
Social Impact Investments (SII) are an innovative and growing mechanism for funding solutions to complex social problems, including housing and homelessness policy, says a new report released by the Australian Housing and Urban Research Institute (AHURI).
In 2013 alone, an estimated A$2 billion was invested in Australian SIIs, and this has been estimated to grow to as much as A$32 billion in the 2020s.
The report, The opportunities, risks and possibilities of social impact investment for housing and homelessness, led by the Centre for Social Impact (CSI) at UNSW Sydney reveals that social impact investment, although in its infancy in Australia, shows potential to be an effective way of tackling complex social issues.
In Australia, we know that more than one million Australians are facing housing stress, spending more than 30 per cent of their gross income on housing costs, and we know that, on any given night in Australia, around one in 200 people are homeless, with that figure worsening for young people or Indigenous Australians.
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