July 11 2016

A story from Canada looking at a new SIB starts the week for SIB News:

Investing In Home – Understanding Funding Options For Affordable Housing

Memorial University Gazette

Yaffle.ca is Memorial’s online connecting tool. One of its most significant jobs is to provide a way for people from outside Memorial to ask for research help. With hundreds of community-suggested opportunities to choose from, your next project is just a click away. Here’s one:

The opportunity

Maria Callahan’s work with the City of St. John’s brings her to the forefront of the affordable housing crunch in the community. In her position as affordable housing and development facilitator, Ms. Callahan focuses on opening up affordable housing opportunities for those who need it most. Her work affects many groups across the city, particularly seniors.

Ms. Callahan points to social impact bonds as an avenue for increasing the availability of suitable housing for seniors. Social impact bonds allow the public sector to attract investment from private sources to pay for projects that can have a positive impact on social indicators such as obesity, literacy, employment and poverty. If a project achieves its stated, quantifiable goal, investors are provided returns through costs savings achieved by the success of the initiative.