Supportive Housing Program – Denver, CO

Denver initiative would tap $8.7 million from investors to house the homeless, By Jon Murray, January 12, 2016, Denver Post: “Denver officials on Tuesday will unveil long-awaited details of a novel $8.7 million ‘social impact bond’ contract that would draw on private dollars to house and rehabilitate 250 of its most chronically homeless.  In the proposed arrangement, investors providing startup money to the city could earn back as much as $11.7 million — including up to $3 million in bonuses — or they could lose out on full repayment.  It all would depend on how well the program keeps participants out of jail, the emergency room, detox and other costly services in the next five years — saving the city millions of dollars a year. Each client would get housing and a case manager along with mental health or drug counseling, if needed…”