Policy Focus: Social Impact Bonds
This issue brief discusses the potential of social impact bonds (SIBs), an innovative financial tool that harnesses private capital to support critical but underfunded public services. Enterprise sees SIBs as a promising tool for creating new public-private partnerships to tackle some of the most pressing social and economic problems facing low-income communities, all while ensuring that any taxpayer investment yields measurable results.
In particular, this brief takes a close look at two SIB initiatives currently in development – one to reduce chronic homelessness in Denver and another to reduce the number of days homeless children spend in foster care in Cuyahoga County, Ohio. The brief also looks at federal policy initiatives underway to promote SIBs and similar “pay-for-success” initiatives.