Newswise — The majority of 575 people in South Australia with a history of chronic homelessness have found stable housing and are well on the way to a better life after three years of intensive support under the ‘Aspire’ program – Australia’s first social impact bond targeting homelessness.

“It’s a gift that I can’t even begin to explain to you,” one participant says, ahead of an event to launch the final evaluation of the program on 1 August 2022.

"Aspire is clearly a successful program which has had a positive impact on so many lives, not just helping people in their moment of crisis but setting them up for the longer term,"  says the South Australian State Premier Peter Malinauskas:

The State Minister for Housing Services Nat Cook says the results show the benefits of intensive wrap-around supports for people who have experienced lengthy or re-current homelessness, complex needs and multiple barriers to housing. “These barriers can be incredibly difficult to overcome, and this report shows what really works in terms of helping people overcome those barriers,” she says.

Flinders University Professor of Social Impact Ian Goodwin-Smith says: “What Aspire shows is that if you stick with people experiencing chronic homelessness and work with them closely, you get great results for people and great results for the community.

“That’s what the evidence shows. That’s what the investment in Aspire has achieved – massive improvements in people’s lives and a significant return on investment in terms of savings to the public purse.”.

The evaluation, by experts from the Centre for Social Impact at Flinders University and the University of Western Australia, found many major achievements from the ‘intensive wraparound’ program which included help with securing stable housing and support for trauma, disability, or tri-morbidity issues (co-existing physical, mental health and drug and alcohol issues).

The final report found:

  • By June 2021, 369 Aspire participants had secured a tenancy, mostly in public housing, and among those participants, 93% were maintaining their tenancies.
  • Participants accessing Specialist Homelessness Services – down 78%; hospital emergency department visits – down 27%; and inpatient stays – down 26%.
  • Aspire participants court system interactions – down 70%.
  • So far this has led to $8.9m in service costs saved by the South Australian Government.
  • Aspire participants’ overall wellbeing scores increased by 15% and they reported improvements in their interpersonal relationships and community connections.
  • Another indicator of enhanced wellbeing was that participants recorded significant reductions in their access to hospital services for mental health and alcohol/drug related issues.

“Some of the Aspire participants said no other program had worked for them, and they had lost all hope by the time they came to the program,” says Flinders University research fellow Dr Veronica Coram.

“However, the final report finds Aspire was a life-changer for many participants who avoided continued rough sleeping, jail or hospitalisation, and whose health and wellbeing would otherwise have declined further.”

The average Aspire participant was a 39-year-old male who, on entry to the program, had been without stable housing for more than three years and was experiencing tri-morbidity issues.

Aspire’s success is largely attributable to its long duration, its capacity to provide flexible and holistic supports addressing multiple life domains, and the strong levels of trust and respect participants form with their case navigators.

“What Aspire has done for so many people is to give them the sustained support they needed to maintain a stable tenancy and achieve the dignity of having their own home, secure employment and undertake education,” says Ian Cox, who leads the Office for Homelessness Sector Integration at the SA Housing Authority.

Aspire was made possible by a strong, cross-sectoral collaborative partnership between multiple SA Government agencies, the Hutt St Centre and housing providers, Social Ventures Australia (SVA) and private investors.

The benefits of providing wrap-around services has given participants a sense of purpose and the confidence to live with more certainty, says Hutt St Centre CEO Chris Burns.

“By providing wrap-around services we can lessen the demands on our health and hospital services, correctional services and on social services including emergency accommodation. It has also given our participants a sense of purpose and the confidence to live with more certainty.”

Social impact bonds (SIBs), which were pioneered in Australia by Social Ventures Australia, involve private investors financing the delivery of social service programs, with governments repaying the investors when positive outcomes are achieved.

Social Ventures Australia CEO Suzie Riddell says: “SVA’s vision is for an Australia where all people and communities can thrive and we’re delighted that the Aspire SIB has made a lasting difference to hundreds of people experiencing persistent homelessness in Adelaide,” says Ms Riddell.

“We design SIBs to generate very high quality evidence about whether a program works, as well as show how governments can save money across departments – including health, housing and justices – by investing in high-quality programs that can change lives.

“We know that this SIB and the evaluation will contribute to the growing evidence base for intensive ‘housing first’ approaches, with sustained wraparound support for people experiencing homelessness which can be used to create impact at an even greater scale,” she says.

Evaluation of the Aspire Social Impact Bond: Final Report (2022) by V Coram, L Lester, S Tually, M Kyron, K McKinley, P Flatau and I Goodwin-Smith from the Centre for Social Impact at Flinders University and Centre for Social Impact, University of Western Australia is available online here: https://doi.org/10.25916/202z-ey67