January 14th, 2016
HESTA has made a $6.7 million investment in Horizon Housing, a community housing provider operating in Queensland focused on increasing the supply of social and affordable housing and helping low income earners achieve home ownership.
The super fund, which has more than 800,000 members working in health and community services, made the investment through HESTA's $30 million Social Impact Investment Trust. The fund invests in opportunities that deliver both a financial return and a measurable social impact.
Managed by Social Ventures Australia (SVA), the Trust is one of Australia's largest impact investment funds and represents the biggest single commitment by an Australian superannuation fund to the local impact investing market.
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The Australian Government has announced a review of the Australian Charities and Not-for-profits Commission (ACNC) legislation.
Advocacy & Insight Manager, Krystian Seibert, outlines Philanthropy Australia's engagement with the review.