social impact bonds
Feds Put $76 Million in Play to Support ‘Pay-for-Success’ Projects
The U.S. Department of the Treasury has made $76 million available for projects that give state or local governments a free trial of promising programs in key social services areas, including child welfare and juvenile justice.
Social Impact Leader Tracy Palandjian on the State of Pay-For-Success
In August of 2012, former New York Mayor Michael Bloomberg announced a project through which his foundation and Goldman Sachs would pay for a project aimed at lowering the recidivism of adolescent males incarcerated at Rikers Island, New York’s massive and potentially doomed prison-plex.
Lester: Evidence-Based Timeline of Families First Act Might Be Tough to Fulfill
Patrick Lester, who for years headed the public policy shop for the Alliance for Strong Families and Communities, now leads the Social Innovation Research Center. He’s pretty much a one-man show there as he builds the organization, and he has primarily focused the center’s attention on pay-for-success and social impact bonds.
Social Impact Bonds Creep into Federal Grants for Offender Reentry
The Imprint posted this Justice Department Request for Proposals, for addressing co-occurring substance abuse and mental health disorders in adult offenders, last week. It is a $600,000 award available to state and tribal governments.