SOCIO-ECONOMIC RESEARCH
ADDRESSING HOMELESSNESS
Social Return on Investment (SROI) of Supportive and Affordable Housing in BC
Description BC Housing commissioned three studies to examine the social and economic value created by affordable and supportive housing in British Columbia. These studies follow the internationally standardized Social Return on Investment (SROI) methodology. SROI analysis combines quantitative, qualitative, and participatory research techniques to demonstrate the value of outcomes from different stakeholder perspectives. The result is a ratio that compares the total amount invested in a social initiative to the financial value of social and economic outcomes that are achieved, showing — in monetary terms — the financial benefit of social investments. The following housing developments were examined as case studies: • Affordable housing developments: Dahli Place and Pembroke Mews in Victoria, Qualicum Park Village in Qualicum Beach and Ellendale in Surrey. • Dedicated-site supportive housing: The Budzey Building in Vancouver, Cardington Apartments in Kelowna, The Kettle on Burrard in Vancouver, Queens Manor in Victoria and Wesley Street in Nanaimo. • Scattered-site supportive: Canadian Mental Health Association (CMHA) Kelowna, CMHA Mid-Island Branch in Nanaimo , Lookout Housing and Health Society in Surrey, MPA Society in Vancouver and Pacifica Housing in Victoria. Impact The Social Return on Investment series of reports show that a range of significant social and economic value is created through investment in affordable and supportive housing.
Status: Report available online at www.bchousing.org Audience: Non-profit housing providers, municipalities, developers, and other industry stakeholders
HOUSING RESEARCH & EDUCATION PROJECT HIGHLIGHTS | JULY 2021 16
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