youth homeless

$14.2m will be invested into supporting young people into education, jobs and housing under a SIB program developed by Anglicare Victoria and VincentCare. The COMPASS program will measure outcomes for the first two years, then another two post-program.

Probono News reports Anglicare Victoria CEO Paul McDonald as saying the program will bring together investors, community organisations and government. Social impact bonds raise private capital and provide dividends according to the success of a program based on its outcomes. Read the full article HERE.

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