South Australia's social impact bond foray

In Investors jump on SA social bond, as ScoMo looks to a simpler impact investment model, notes that $9 million was poured into the new “Aspire” SIB in SA in under a month.  The 3 year program aims to provide “housing, life skills and employment pathways” to 600 homeless people.  It also notes the federal Treasurer Scott Morrison is looking to a “bond aggregator” model as an affordable housing policy inspired by a similar program in the United Kingdom. It would fund affordable properties aimed at people on low incomes, who would pay about 80% of the going price for rent in the local area.  It would not be available to households that survive on welfare payments alone.