“BC Housing seeks to make a difference in people’s lives and communities through safe, affordable and quality housing. Since 2001, BC Housing has partnered with non-profit societies, government agencies, and community organizations through the Community Partnerships Initiative (CPI) to facilitate the development of affordable housing in communities across British Columbia. The CPI arranges mortgage financing to create self-sustaining affordable housing that does not require ongoing operating subsidies. BC Housing’s capacity to arrange financing with favourable terms is the cornerstone of the program.”
Topic: Housing
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SROI of affordable housing development supported through the BC Housing community partnership initiative
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International Housing Solutions Social Impact Report Year 1
“IHS is a private affordable housing investment manager. We raise institutional capital and invest it in the development or renovation of affordable housing in Sub-Saharan Africa, both for-sale and for-rent, affordable to the fast growing low to middle income market in South Africa and other target Sub-Saharan countries. IHS is owned by MMA Capital Management LLC, a publicly-listed US affordable housing and renewable energy investment manager (formerly MuniMae). As such, we are under the corporate governance of this major US shareholder, and are therefore governed by their rigorous policies and procedures, including their code of ethics and principles of business integrity to combat issues such as bribery and corruption.
To date, our investments have resulted in the production of about 18,000 homes. In our current Fund, IHS Fund II, we have raised capital specifically for the purpose of “greening” a portion of the homes produced. Based on capital raised to date, we have committed to 5,060 green homes (25%). We have so far closed six projects in Fund II (five green home projects).”
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Cost-Benefit Analysis: Social Rental Housing and RDP Housing
South Africa has various state-supported housing programmes, of which RDP housing (currently termed “BNG” housing), and more recently Social Rental Housing (SRH) are significant components.
Although over 2 million houses have been provided to date through the RDP housing programme, the programme poses several challenges, not least being the implications for the future sustainability of cities and their municipalities in South Africa.
SRH is seen as an alternative to RDP housing. Although the observed initial construction costs of SHR are higher, so too are the long term benefits.. SRH addresses an important demand and income segment within the housing sector and market in South Africa.
This report contains the results of a Cost Benefit Analysis (CBA) undertaken to compare SRH (as the potential investment or “project case”) with RDP housing (as the status quo or “base case”). The objective of this analysis is to assess the relative benefits to society in the provision of SRH and RDP housing, and takes into account all costs and benefits to society over the life time of the housing.
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Step by Step Social return on Investment Forecast for 2016-17
Step by Step offers services to empower young people and prevent homelessness throughout Hampshire, Surrey, Berkshire, and Dorset.
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Visible Changes: A Social Return on Investment evaluation of women’s community housing
There is a chronic shortage of affordable housing in Victoria, particularly in Melbourne. It is estimated that over 105,000 Australians, including 23,000 Victorians, are homeless. Fortyfour percent of these homeless people are women. Some groups of women appear to be at greater risk of homelessness, including women fleeing family violence, migrants escaping conflict, women exiting the correctional system and older women with little savings.Women’s Property Initiatives (WPI) was formed in 1996 to address the lack of affordable, appropriate, secure, long-term housing for low-income single women and single mothers. WPI works to build a secure future for disadvantaged women and their children by providing them with long-term, safe, high-quality and affordable homes. The reasons women seek housing with WPI are a complex web of individual causes, however, financial stress and family violence are common causes of housing vulnerability. The homes are made more affordable for women on low incomes, with rents set at no more than 75% of market rent or 30% of household income.
Women’s Property Initiatives commissioned a Social Return on Investment evaluation to understand the value and impact of housing on their tenants. This report provides the results of the Social Return on Investment evaluation that analyses the social value created with the provision of 66 homes to women and their families in a 12-month period over 2014-2015.
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Chototel Impact Report November 2015
“Chototel was conceived out of a need to provide good quality, dignified housing solutions in a market that fails to cater to those at the bottom of the pyramid. Soaring rentals and housing prices are fuelling housing poverty resulting in vacant residential projects and a greater number of people living in substandard housing. There is clearly a mismatch in the supply and demand of housing, particularly with regard to the demands of the urban poor. There is a gap in the market that, if filled successfully, has the potential for phenomenal social impact.Chototel, formed from the words “chotu” (meaning small) and hotel, is rolling out an exciting project building ‘super-budget hotels’, where tariffs start from US$2/day with uninterrupted utilities, clean water and social infrastructure such as crèches, community kitchens and open, green spaces.
Access to decent affordable shelter is so fundamental to the health and well-being of people and the smooth functioning of economies that it is embedded in the UN Declaration of Human Rights. Yet, in developing and advanced economies alike, cities struggle with the challenge of accommodating their poorest citizens. There is a phenomenal migration of the rural poor to cities, such that they now constitute the majority of the urban population in developing countries; yet their living conditions represent a tragic failure on the part of urban planners.”
