SVA launches South Australian homelessness social impact bond

Social Ventures Australia (SVA) has launched South Australia’s first social impact bond, which will fund a program addressed at ameliorating the effects of homelessness.

Ian Learmonth, executive director of impact investing, Social Ventures Australia

The seven-year, $9 million Aspire Social Impact Bond (SIB) will fund the working capital of the Aspire Program, which is a partnership between the South Australian state government, Hutt St Centre and Common Ground Adelaide.  The Aspire Program is “based on a housing first model and with a strong focus on employment, up to 600 participants will be provided stable accommodation, job readiness training, pathways to employment and life skills development,” according to SVA. 

 

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Rachel Alembakis

Rachel Alembakis

Publisher/Editor at The Sustainability Report
Rachel Alembakis has published The Sustainability Report since 2011. She has more than a decade of experience writing about institutional investments and pension funds for a variety of publications.
Rachel Alembakis

Author: Rachel Alembakis

Rachel Alembakis has published The Sustainability Report since 2011. She has more than a decade of experience writing about institutional investments and pension funds for a variety of publications.

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