Housing and homelessness are major challenges in the UK. The lack of affordable housing means that more people are living in the private rented sector where over a third of homes do not meet the Decent Homes Standard and homelessness is rising.
Social investment is providing finance to charities and social enterprises to deliver specialist accommodation for vulnerable people, explore alternative ways of delivering more affordable homes and offer transitional housing so that homeless people can make the step from temporary housing into long-term, permanent affordable accommodation. Revenue is generated mainly from rental income including housing benefit. There is significant scope for social investment to do more to test innovative housing schemes which provide effective support and create social impact.
Impact evidence is relatively well developed in this area. Common metrics used tend to cover outputs including the number of people housed and properties purchased and outcomes such as improved social connections and networks. We would like to do more to consolidate different measurement approaches in housing to build up a clearer picture about the collective impact that social investment is supporting.
Further information is available on our social issue page for housing.