Project
| ID | INDIGO-POJ-0004 |
|---|---|
| Impact Bond Name - (Value) | Journey to Social Inclusion (Victoria) |
| Stage of Development - (Value) | Implementation |
| Dates - Start date of service provision - (Value) | 2018-08 |
| Dates - (Source ID's) | source3 |
| Purpose and classifications - Intervention - (Value) | Journey to Social Inclusion (J2SI) takes a relationship-based approach, provides long-term support, and works from the premise that if people can sustain their housing, this provides a solid foundation to improving other areas in people's lives. The program aims to end the cycle of chronic homelessness by taking a relationship-based, trauma-informed and strengths-based approach in the context of long-term assertive case management supplemented by access to rapid housing. |
| Purpose and classifications - Policy sector - (Value) | Homelessness |
| Purpose and classifications - (Source ID's) | source1,source3 |
| Service and beneficiaries - Target population - (Value) | People aged between 25 and 65 years who are experiencing sustained and chronic homelessness. To be eligible individuals must be chronically homeless and have been sleeping rough continuously for a minimum of one year and/or be currently homeless and have experienced three or more episodes of homelessness over the past three years. There will be 3 cohorts (60 per year). Each cohort will receive 3 years of support |
| Service and beneficiaries - (Source ID's) | source8 |
| Notes - (Value) | Broader collection of program outcomes not linked to payments (for example, stronger community connections) will identify the broader impact and benefits of the program on participants and the wider community. The aspiration is that some capital will be provided through philanthropy. The VCF Claire Susan Gardiner Trust provided a $50k grant to build a SIB toolkit to support the replication of the SIB: This project will support the development of a Social Impact Bond (SIB) Toolkit, ready for implementation to finance delivery of J2SI by other social service organisations in Australia. The Toolkit will provide organisations with the tools and support they need to negotiate, secure and manage a SIB so they are able to finance replicated delivery of J2SI with excellence in their local communities. The SIB Toolkit will act as a program delivery ‘enabler’ for organisations who would otherwise be unable to finance delivery of J2SI on their own, and provides the way forward for achieving the level of scaling J2SI needs to have far-reaching impact. It will be comprehensive and able to be tailored to meet the needs of the implementing organisation, such as financial modelling, data relevant to each state/territory, tools and implementation support. |
| Delivery Locations 1: Location - Name - (Value) | Inner city Melbourne |
| Delivery Locations 1: Location - Country - (Value) | AU |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | -37.840935 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 144.946457 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Victoria State Government Treasury and Finance Journey to Social Inclusion, N.D. p. 1 accessed on 27/07/2019 at http://www.dtf.vic.gov.au/sites/default/files/2018-01/Social-Impact-Bond-Journey-to-Social-Inclusion-Glossy.docx |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Infered from Victoria State Government Treasury and Finance Journey to Social Inclusion, N.D. p. 2 accessed on 27/07/2019 at http://www.dtf.vic.gov.au/sites/default/files/2018-01/Social-Impact-Bond-Journey-to-Social-Inclusion-Glossy.docx and Sacred Heart Mission Journey to Social Inclusion program, N.D. accessed on 27/07/2019 https://www.sacredheartmission.org/seek-help/housing-support/journey-to-social-inclusion-program |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Sacred Heart Mission Journey to Social Inclusion program, N.D. accessed on 27/07/2019 https://www.sacredheartmission.org/seek-help/housing-support/journey-to-social-inclusion-program |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Victoria State Government Treasury and Finance Journey to Social Inclusion, N.D. p. 2 accessed on 27/07/2019 at http://www.dtf.vic.gov.au/sites/default/files/2018-01/Social-Impact-Bond-Journey-to-Social-Inclusion-Glossy.docx |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Latitude Victoria's First Social Impact Bond at http://www.latitude.network/blog/victorias-first-social-impact-bond, Norton Rose Fulbright website at https://www.nortonrosefulbright.com/en/news/f9a34c70/norton-rose-fulbright-advises-sacred-heart-mission-on-victorias-first-social-impact-investment, and Center for Social Impact website at https://www.csi.edu.au/news/journey-social-inclusion/, all accessed on 27/07/2019 |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | ProBono Australia Vic Govt Funds Ground-Breaking Homelessness Project 2016 accessed on 27/07/2019 at https://probonoaustralia.com.au/news/2016/03/vic-govt-funds-ground-breaking-homelessness-project/ |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | ProBono Australia Vic Govt Funds Ground-Breaking Homelessness Project, 2016 accessed on 27/07/2019 at https://probonoaustralia.com.au/news/2016/03/vic-govt-funds-ground-breaking-homelessness-project/ |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | Victoria State Government Treasury and Finance Journey to Social Inclusion, N.D. p. 2. accessed on 27/07/2019 at http://www.dtf.vic.gov.au/sites/default/files/2018-01/Social-Impact-Bond-Journey-to-Social-Inclusion-Glossy.docx |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | Victoria State Government Treasury and Finance Journey to Social Inclusion, N.D. p. 3 accessed on 27/07/2019 at http://www.dtf.vic.gov.au/sites/default/files/2018-01/Social-Impact-Bond-Journey-to-Social-Inclusion-Glossy.docx |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0916 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0920 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 1200000 |
| Outcome Payment Commitments 2: Organisation ID - (Value) | INDIGO-ORG-0916 |
| Outcome Payment Commitments 2: Maximum potential Outcome payment - Amount - (Value) | =D41-D36 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0917 |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0245 |
| Intermediary services 2: Organisation Role Category - (Value) | Legal counsel |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0919 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Stable Housing. The percentage of the cohort in stable housing as evidenced by case notes that demonstrate the achievement of a sustained tenancy. |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Improved health and wellbeing. Reductions in hospital bed days across the cohort. |