Denver Supportive Housing Social Impact Bond Initiative Earns The First ‘Success Payment’ For Project Investors

During the first year of Denver’s supportive housing social impact bond (SIB) initiative, the outcomes met benchmarks to trigger the first success payment of $188,349 to project investors. From January 1, 2016 to June 30, 2017, 39 people in the target population of people frequently involved with the criminal justice system remained housed for at least 365 days without any episodes away from housing lasting more than 90 days or unplanned exit from housing. The participants remained housed for a total of 12,457 days; for each day housed, the investors were paid $15.12 per day.

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