Denver Social Impact Bond Repaid Early.

What’s happening? To tackle homelessness Denver used a mix of federal and state grants for housing, Medicaid for mental health care and social impact bonds to fill-in.

Why is this important? “Private investors lent the city $8.6 million, with the understanding that the city would repay the money only if program participants stayed housed for at least a year and spent at least 20% fewer days in jail. If participants spent more time in housing, and less time in jail, investors would get additional money.”

How will this be important? Denver saved so much money on emergency services that it repaid investors $9.6 million.

Pew Charities | How Denver Tackled Homelessness While Saving Money