MaRS tackles homelessness with ‘Housing First’ Social Impact Bond – MaRS

MaRS tackles homelessness with ‘Housing First’ Social Impact Bond – MaRS.

Homelessness is a major issue in Canada—it affects 200,000 people every year and costs $7 billion to the economy. Alternative funding mechanisms in the form of a social impact bond (SIB) could help mobilize capital to address homelessness. By combining success-based payments and initial private investment, social impact bonds have the potential to overcome barriers to social innovation and encourage investments in services.

MaRS is tackling homelessness head on by issuing a request for proposals to qualifying entities intent on solving this complex issue. The deadline for applications is April 27, 2015 at 5:00 p.m. EST.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: