Social impact bond

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Cities experiment to reduce homelessness with “pay for success” finance

The past couple of years have been a roller-coaster for Maurice Cushinberry - first of homelessness, substance abuse and legal trouble, and then of sudden stability. Although he had tried to find a home during that time, he was discouraged by the paperwork and process. But shortly after Easter last year, a social worker contacted

Four ways social impact bonds are improving lives

Around the world, governments, non-profits and private investors are teaming up to solve social problems. Social impact bonds fund social programmes to address problems such as homelessness, reoffending rates, and mental and chronic health issues. The government initiates these bonds, the private sector funds them, and non-profits and social workers carry out the work. Investors