The Victorian Government has joined forces with Sacred Heart Mission and NAB to provide long-term housing and improved health and wellbeing outcomes for vulnerable Victorians.
Nearly 60 Victorians experiencing chronic homelessness have moved into stable housing as part of a new initiative from the state government.
Delivered in conjunction with Sacred Heart Mission, and NAB, the Journey to Social Inclusion program aims to deliver long-term housing and improved health and wellbeing outcomes for vulnerable Victorians.
It is expected the program will support 180 people over five years and is one of the Partnerships Addressing Disadvantage that bring together public, private and not-for-profit sectors to improve social outcomes.
Victorian Treasurer Tim Pallas said the government was proud to contribute to impact investing in the state.
"We’re thinking outside the box to improve outcomes for vulnerable Victorians," he said.
“Innovative financing models allow public funding to go further – and to do more to help those who need it.”
A case study outlining the structure of the program’s new innovative low-cost financing model has just been released – highlighting future opportunities for Government, service providers, philanthropists and other investors.
The government has previously committed to creating 1,000 new public housing properties over the next three years and 500 new affordable rental properties delivered in 2019 through the $1 billion Social Housing Growth Fund.
An additional $153.8 million over the next five years will be invested into homelessness services.
This will see more on-site treatment services in crisis-supported accommodation, private rental assistance for over 6,000 Victorians who need it and the continuation of state-wide homelessness after-hours crisis services.
Click here for more information about the Journey to Social Inclusion program.
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