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Havixbeck Would Introduce Social Impact Bonds

October 7, 2014 10:30 AM | News

Paula Havixbeck

Paula Havixbeck

Mayoral candidate Paula Havixbeck says Winnipeg’s social issues can be addressed by introducing social impact bonds.

By involving council, other levels of government, the private sector and non-profit sector, Havixbeck says poverty, homelessness, and housing can receive a greater focus and increased chance of resolution.

“This is a new tool that other countries have had tremendous success with. Why not start in Canada right here in Winnipeg and be first?,” Havixbeck said.

She said by combining efforts and resources, tackling the problems can have a greater impact than separate organizations doing so independently.

Bonds would be paid to organizations when they have demonstrated success. Havixbeck says when the partnership is created, clear metrics and measurement tools are defined to ensure that both parties can clearly identify a successful program.

“This is a great way for Winnipeg to invest in its people, and it helps those who are already doing great things.”