Health and Medical News and Resources

General interest items edited by Janice Flahiff

[Website] Social Impact Calculator

The Social Impact Calculator is “a new tool that allows you to put a dollar value on the benefits of things like an affordable home, a great school or access to transit.”

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From the 13 January 2015 blog post at Investing in Community Change

The Low Income Investment Fund (LIIF) has created the Social Impact Calculator – a tool that allows you to put a dollar value to the impact of capital investments.

LIIF is a community development financial institution (CDFI) that invests in capital projects in low income communities in an effort to provide families with access to healthy, green and economically strong places to live. Using the Social Impact Calculator, LIIF is able to monetize the impact of capital investments in communities — such as funding for housing, child care centers and charter schools — and assess how well its investments are creating opportunities and reducing inequities in communities.

How does it work? The Social Impact Calculator estimates social returns using research and translating data into monetary values. For example, investments in affordable housing can create discretionary income for families by reducing the burden of housing costs. Those savings can be used by families to cover additional needs, such as food and healthcare. Similarly, as suggested by research, investing in high-performing schools can increase a child’s lifetime earnings while also reducing costs associated with incarceration.

LIIF has made the Social Impact Calculator available to the public and invites communities to explore how they might use the calculator to assess their own efforts. In addition, LIIF invites you to provide feedback about the Social Impact Calculator.

 

 

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March 3, 2015 - Posted by | Public Health | , , , ,

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