Purpose-driven organizations are redefining the economic rules that have guided us since World War II and offer a perspective on how to accelerate the creation of a more holistic and inclusive capitalist system.
In the Southeast, the work has included hospitals investing in affordable housing, community
development financial institutions offering low-cost financing to build community health centers and combat food deserts, and Medicaid offices using Pay for Success finance to pay for prevention.
The first results for the Denver Supporting Housing Social Impact Bond Initiative were announced today. The Urban Institute’s evaluation found that the program is meeting early targets: participants are getting housed and staying housed.
SIBs are a financing tool in which governments contract with private entities to produce measurable results in areas such as criminal justice, substance abuse, early childhood development, homelessness, workforce development, and public health.