Social Impact Bonds - Enabling Investment in Healthy Communities
We help break the cycle of addiction. Holistic, client-centered programs are scaled-up to help at-risk individuals work towards the life they want to create. Helping people get off the streets and into stable housing we also decrease the strain on our emergency healthcare services, hospital capacity, police services, and correctional services.
We help people stay healthy. We enable a greater use of in-home care programs and multidisciplinary, client-centered teams to serve people living with chronic conditions, such as diabetes, asthma, or HIV/AIDS. We help individuals live better and, in turn, reduce the total cost of healthcare in our communities.
We keep families together. Culturally sensitive, in-house counseling initiatives are supported to help kids stay with their families. When children live at home they are also healthier, more attentive at school, and require less direct government support.
Each SIB is a pay-for-success contract the public sector makes with Finance for Good, in which a ministry commits to pay for a particular social outcome. Finance for Good raises private sector capital to scale-up proven interventions and deliver target social outcomes. If … Read More »
I recently wrote a blog post outlining some of the factors that will influence whether social impact bonds (SIBs) can become mainstream investments for profit-oriented investors or not. I believe the most important factor, as with any investment, is whether SIBs can offer an enticing trade-off … Read More »
There are over 2,400 people affected by homelessness in Edmonton, as reported by the Edmonton homeless count in 2010[1]. Of that number, there are between 300-600 people estimated to be identified as chronically homeless and suffering from a minimum of one … Read More »