Through our Supportive Housing & Innovation Fund, we’re raising and channeling private, philanthropic investments towards proven solutions for reducing and preventing homelessness. Established in 2018 with a $50 million gift from Cisco, the fund provides the private sector with a means to strategically partner with local government, leverage public funding, and share in a joint approach towards ending homelessness in our community. In late 2019, Apple also announced a $50 million contribution to the fund.
Investing in Solutions
Since its inception, the Supportive Housing & Innovation Fund has invested more than $45 million towards building more deeply affordable housing and pioneering innovative solutions that can help accelerate our progress towards ending homelessness in Silicon Valley.
Our Approach and Areas of Focus
Destination: Home embraces a data-driven and human-centric approach to solving homelessness – and through our Supportive Housing and Innovation Fund, we invest in strategies that address the root causes of homelessness and help ensure that our most vulnerable residents are stably housed.
In particular, our Supportive Housing and Innovation Fund focuses on investments in three primary focus areas:
Supportive & ELI Housing Development
Spurring the development of new housing opportunities for formerly homeless and extremely low income (ELI) households.
Data & Technology Utilization
Improving the use of data and technology to enhance our supportive housing system and better meet the needs of homeless and formerly homeless residents.
Homelessness Prevention & Housing Stability
Piloting and scaling innovative strategies that help at-risk residents maintain stable housing.
Through our fund, we also seek to demonstrate the unique and critical role of private sector support and philanthropic capital in ending homelessness. We carefully evaluate partners and investment opportunities, consistently evaluate progress, and course correct as needed. Before funding an opportunity, we carefully identify the need, assess value, define impact and evaluate risk.