Blended Financing for Impact: The Opportunity for Social Finance in Supportive Housing Webinar
Thursday, March 21, 2013 from 12:00 PM to 1:00 PM (EDT)
Join us March 21, 2013 at 12:00 noon EDT for the release of the report “Blended Financing for Impact: The Opportunity for Social Finance in Supportive Housing”.
Hosted by the MaRS Centre for Impact Investing and Housing Services Corporation (HSC) in collaboration with the Mental Health Commission of Canada (MHCC).
Driven by the work of the Turning the Key report commissioned by the Mental Health Commission of Canada (MHCC), a number of supportive housing providers in Canada struck a Social Finance Working Group in 2012 to explore social finance opportunities in the supportive housing sector. The objective of the project was to provide a clear pathway for supportive housing providers to learn about and engage in alternative methods of financing for improving and developing new dedicated housing units in Canada.
The project provides an important development step, convening the sector and building its capacity around innovative financing methods for supportive housing providers and providers of mental health services in Canada. Overall, it is hoped that this project will support the minimum goal recommended in the Turning the Key report of developing and funding 100,000 supportive housing units and related supports over the next 10 years.
This webinar will feature findings from the project team’s key report, which was co-authored by Adam Spence from the MaRS Centre for Impact Investing and Hadley Nelles from Housing Services Corporation (HSC).
“Blended Financing for Impact: The Opportunity for Social Finance in Supportive Housing” identifies and outlines a number of social finance models, identifies principles for an effective social finance strategy for the supportive housing sector, highlights challenges to further adoption of impact investing, and offers recommended actions to increase the supply of supportive housing through the use of social finance strategies.
Date: Thursday, March 21, 12:00 noon EST
Format: Webinar- 30 minute presentation followed by 30 minute Q&A session
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When & Where
MaRS Discovery District, Social Innovation Generation & Ashoka Canada present
MaRS (www.marsdd.com) is a large scale, mission driven innovation centre located in Toronto and networked across Ontario, focused on building Canada’s next generation of technology companies.
MaRS works closely with entrepreneurs to grow and scale their ventures into global market leaders in life sciences and health care, information, communications and entertainment technologies, cleantech, advanced materials and engineering, as well as innovative social purpose businesses.
Social Innovation Generation (SiG) (www.sigeneration.ca) is a collaborative partnership founded by The J.W. McConnell Family Foundation, the University of Waterloo, the MaRS Discovery District, and the PLAN Institute. Our ultimate goal is to support whole system change through changing the broader economic, cultural and policy context in Canada to allow social innovations to flourish.
Ashoka (canada.ashoka.org) is the global association of the world’s leading social entrepreneurs – individuals with system-changing solutions for the world’s most urgent social problems. Ashoka is redefining the global citizen sector by creating a system of collaborative entrepreneurship. Connecting the work of individual social entrepreneurs to business, academic and public sector partners, they create a network effect driving the sector forward and developing new solutions to global problems.