Supporting Vulnerable Households to Achieve Their Housing Goals: The Role of Impact Investment

Heaney, Richard A.; Flatau, Paul; Muir, Kristy; North, Gill; Ward-Christie, Libby; Webb, Eileen Allanah; Zaretzky, Kaylene

Supporting Vulnerable Households to Achieve Their Housing Goals: The Role of Impact Investment

AHURI Final Report No. 290, Australian Housing and Urban Research Institute Limited, Melbourne, doi:10.18408/ahuri-821031; ISBN 978-1-925334-54-8 (2017)

128 Pages Posted: 2 Dec 2017

See all articles by Richard A. Heaney

Kaylene Zaretzky

The University of Western Australia

Date Written: November 24, 2017

Abstract

This study explores how social impact investment (SII) has been used for housing and homelessness objectives internationally; examines three case studies where SII has been used in Australia; and considers finance structures, such as impact investment mutual funds, that would enable social impact investors to create a portfolio of affordable housing securities that can balance financial and social return.

Keywords: social impact investment, impact investing, affordable housing, social housing, homelessness, vulnerable households, social enterprises, housing finance, social impact bonds, social policy, innovative finance.

JEL Classification: G11, G24, I31, I38, R31

Suggested Citation: Suggested Citation

Heaney, Richard A. and Flatau, Paul and Muir, Kristy and North, Gill and Ward-Christie, Libby and Webb, Eileen Allanah and Zaretzky, Kaylene, Supporting Vulnerable Households to Achieve Their Housing Goals: The Role of Impact Investment (November 24, 2017). AHURI Final Report No. 290, Australian Housing and Urban Research Institute Limited, Melbourne, doi:10.18408/ahuri-821031; ISBN 978-1-925334-54-8 (2017), Available at SSRN: https://ssrn.com/abstract=3076584