Impact Bond: Fonciere Chenelet SIB
Stage of development: Implementation
Policy sector: Homelessness
Intervention: The intervention aims to rehabilitate buildings and to turn them into accommodations adapted to persons with reduced mobility and with great energy efficiency, consequently generating low energy expenses for the tenants. The social provider aims to address the housing needs of very-low-income households by creating a low-rent, energy-efficient housing stock in suburban areas, especially targeting older people wanting to stay in their hometown. Through the SIB partnership, the provider strengthens its relationship with the public agency ANAH, which mission is to improve the private housing stock, by experimenting what could become a lasting public policy.
Date outcomes contract signed: 2019-05
Total investment commitment currency: EUR
Total investment commitment: 3500000
Total investment commitment (USD): 3921050
Maximum potential outcome payment: 3500000 EUR
Configuration of the contracting parties: Direct contracting. Provider-Outcomes payer: subsidy depending on results; Provider-Investors: investment in infrastructure
Target population: People living in very precarious conditions, in particular very-low-income seniors.
Targeted number of service users or beneficiaries: 60
Targeted unit type: Individual