Project
| ID | INDIGO-POJ-0088 |
|---|---|
| Impact Bond Name - (Value) | Massachusetts Chronic Individual Homelessness Pay for Success Initiative |
| Stage of Development - (Value) | Implementation |
| Dates - Date outcomes contract signed - (Value) | 2014-12 |
| Dates - Start date of service provision - (Value) | 2015-12 |
| Dates - (Source ID's) | source5,source2 |
| Dates - (Notes) | 08/12/2014 (date announced) and 01/12/2015 (implementation start) |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 2500000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 2500000 |
| Purpose and classifications - Intervention - (Value) | The intervention is based on the Massachusetts Housing and Shelter Alliance's "Home & Healthy for Good" model. This program provides flexible funding for permanent supportive housing for chronically homeless individuals. More specifically, participants are housed and connected with appropriate mainstream resources such as physical and behavioral health care services, and other services brokered through community support services designed and proven to promote housing retention and good health. |
| Purpose and classifications - Policy sector - (Value) | Homelessness |
| Purpose and classifications - (Source ID's) | source6,source4 |
| Service and beneficiaries - Target population - (Value) | Individuals defined as "chronically homeless" by US Department of Housing & Urban Development or identified as homeless, anticipated high-cost users of emergency services. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 800 |
| Service and beneficiaries - (Source ID's) | source18 |
| Delivery Locations 1: Location - Name - (Value) | Greater Boston, Worcester, Springfield, Lowell, Quincy, Brockton, Framingham, Western Massachusetts, Cape Cod, Cape Ann |
| Delivery Locations 1: Location - Country - (Value) | US |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 42.333408 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | -71.054449 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | ICS project summary (Garvey, December 2015) - p.1 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/summary_of_pay_for_success_social_impact_bonds_Massachusetts_homelessness.pdf |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Pay for Success contract by and between The Commonwealth of Massachusetts and Massachusetts Alliance for Supportive Housing LLC (3/12/2014) - p. 1 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/homelessness-pfs-contract-executed-12-3-14_1.pdf |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Finn et al., Journal of Affordable Housing, Vol. 27, Number 2 (2018) - p. 375 -- accessed on 27th July 2019 at https://www.americanbar.org/content/dam/aba/publications/journal_of_affordable_housing/volume_27_number_2/AH_27-2_10Finn.pdf |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Governor Patrick Pay for Success Initiative press release (8/12/2014) - p. 1 , accessed 27th July 2019 at https://archives.lib.state.ma.us/bitstream/handle/2452/217588/ocn795183245-2014-12-08b.pdf?sequence=1&isAllowed=y + ICS project summary (December 2015) - p. 3 & ICS project summary (Garvey, December 2015) - p.1 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/summary_of_pay_for_success_social_im |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Governor Patrick Pay for Success Initiative press release (8/12/2014) - p. 1 , accessed 27th July 2019 at https://archives.lib.state.ma.us/bitstream/handle/2452/217588/ocn795183245-2014-12-08b.pdf?sequence=1&isAllowed=y & ICS project summary (Garvey, December 2015) - p.3 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/summary_of_pay_for_success_social_im |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | ICS project summary (Garvey, December 2015) - p.2 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/summary_of_pay_for_success_social_impact_bonds_Massachusetts_homelessness.pdf |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | GuiderStar, https://www.guidestar.org/search |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | Pay for Success contract by and between The Commonwealth of Massachusetts and Massachusetts Alliance for Supportive Housing LLC (3/12/2014) - p. 1 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/homelessness-pfs-contract-executed-12-3-14_1.pdf |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | Pay for Success contract by and between The Commonwealth of Massachusetts and Massachusetts Alliance for Supportive Housing LLC (3/12/2014) - p. 3 - 4 -- accessed on 27th July 2019 at https://www.payforsuccess. |
| Sources 10: Id | source10 |
| Sources 10: Name - (Value) | Pay for Success contract by and between The Commonwealth of Massachusetts and Massachusetts Alliance for Supportive Housing LLC (3/12/2014) - p. 10 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/homelessness-pfs-contract-executed-12-3-14_1.pdf |
| Sources 11: Id | source11 |
| Sources 11: Name - (Value) | Pay for Success contract by and between The Commonwealth of Massachusetts and Massachusetts Alliance for Supportive Housing LLC (3/12/2014) - p. 11 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/homelessness-pfs-contract-executed-12-3-14_1.pdf |
| Sources 12: Id | source12 |
| Sources 12: Name - (Value) | ICS project summary (Garvey, December 2015) - p.4 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/summary_of_pay_for_success_social_impact_bonds_Massachusetts_homelessness.pdf |
| Sources 13: Id | source13 |
| Sources 13: Name - (Value) | Governor Patrick Pay for Success Initiative press release (8/12/2014) - p. 1 , accessed 27th July 2019 at https://archives.lib.state.ma.us/bitstream/handle/2452/217588/ocn795183245-2014-12-08b.pdf?sequence=1&isAllowed=y + ICS project summary (Garvey, December 2015) - p.2 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/summary_of_pay_for_success_social_im |
| Sources 14: Id | source14 |
| Sources 14: Name - (Value) | Governor Patrick Pay for Success Initiative press release (8/12/2014) - p. 1 + ICS project summary (Garvey, December 2015)- p. 2 |
| Sources 15: Id | source15 |
| Sources 15: Name - (Value) | Pay for Success contract by and between The Commonwealth of Massachusetts and Massachusetts Alliance for Supportive Housing LLC (3/12/2014) - p. 5-6 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/homelessness-pfs-contract-executed-12-3-14_1.pdf |
| Sources 16: Id | source16 |
| Sources 16: Name - (Value) | Pay for Success contract by and between The Commonwealth of Massachusetts and Massachusetts Alliance for Supportive Housing LLC (3/12/2014) - p. 3-4 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/homelessness-pfs-contract-executed-12-3-14_1.pdf |
| Sources 17: Id | source17 |
| Sources 17: Name - (Value) | Pay for Success contract by and between The Commonwealth of Massachusetts and Massachusetts Alliance for Supportive Housing LLC (3/12/2014) - p.4 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/homelessness-pfs-contract-executed-12-3-14_1.pdf |
| Sources 18: Id | source18 |
| Sources 18: Name - (Value) | Pay for Success contract by and between The Commonwealth of Massachusetts and Massachusetts Alliance for Supportive Housing LLC (3/12/2014) - p. 5 -- accessed on 27th July 2019 at https://www.payforsuccess.org/sites/default/files/resource-files/homelessness-pfs-contract-executed-12-3-14_1.pdf |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0646 |
| Service Provisions 2: Id | serviceprovision2 |
| Service Provisions 2: Organisation ID - (Value) | INDIGO-ORG-0647 |
| Service Provisions 3: Id | serviceprovision3 |
| Service Provisions 3: Organisation ID - (Value) | INDIGO-ORG-0648 |
| Service Provisions 4: Id | serviceprovision4 |
| Service Provisions 4: Organisation ID - (Value) | INDIGO-ORG-0649 |
| Service Provisions 5: Id | serviceprovision5 |
| Service Provisions 5: Organisation ID - (Value) | INDIGO-ORG-0650 |
| Service Provisions 6: Id | serviceprovision6 |
| Service Provisions 6: Organisation ID - (Value) | INDIGO-ORG-0651 |
| Service Provisions 7: Id | serviceprovision7 |
| Service Provisions 7: Organisation ID - (Value) | INDIGO-ORG-0652 |
| Service Provisions 8: Id | serviceprovision8 |
| Service Provisions 8: Organisation ID - (Value) | INDIGO-ORG-0653 |
| Service Provisions 9: Id | serviceprovision9 |
| Service Provisions 9: Organisation ID - (Value) | INDIGO-ORG-0654 |
| Service Provisions 10: Id | serviceprovision10 |
| Service Provisions 10: Organisation ID - (Value) | INDIGO-ORG-0655 |
| Service Provisions 11: Id | serviceprovision11 |
| Service Provisions 11: Organisation ID - (Value) | INDIGO-ORG-0656 |
| Service Provisions 12: Id | serviceprovision12 |
| Service Provisions 12: Organisation ID - (Value) | INDIGO-ORG-0657 |
| Service Provisions 13: Id | serviceprovision13 |
| Service Provisions 13: Organisation ID - (Value) | INDIGO-ORG-0658 |
| Service Provisions 14: Id | serviceprovision14 |
| Service Provisions 14: Organisation ID - (Value) | INDIGO-ORG-0659 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0667 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | $6,000,000 |
| Outcome Payment Commitments 1: Total outcome payments made - Amount - (Value) | $ |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0668 |
| Investments 1: Investment Type - (Value) | loan |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0480 |
| Investments 2: Investment Type - (Value) | loan |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0665 |
| Investments 3: Investment Type - (Value) | loan |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0660 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0661 |
| Intermediary services 2: Organisation Role Category - (Value) | Performance management |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0662 |
| Intermediary services 3: Organisation Role Category - (Value) | Performance management |
| Intermediary services 4: Organisation ID - (Value) | INDIGO-ORG-0663 |
| Intermediary services 4: Organisation Role Category - (Value) | Performance management |
| Intermediary services 5: Organisation ID - (Value) | INDIGO-ORG-0664 |
| Intermediary services 6: Organisation ID - (Value) | INDIGO-ORG-0480 |
| Intermediary services 7: Organisation ID - (Value) | INDIGO-ORG-0665 |
| Intermediary services 8: Organisation ID - (Value) | INDIGO-ORG-0605 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Reduction in homelessness - Qualified Participant Days. Number of Qualified Participant Days continuously housed in permanent supportive housing as part of the program (after 12 consecutive months of being succesfully housed). Housing retention rate reflected in payment terms. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 800 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Reduction in homelessness - Qualified Former Participant Days. Qualified Former Participant Days (participants who discontinue their participation in the program for approved reasons) continuously housed in permanent supportive housing as part of the program. Housing retention rate reflected in payment terms. |
| Results 1: Outcome Metric Id - (Value) | outcomemetric1 |
| Results 1: Number engaged In impact bond - (Value) | 710 (two-year mark) |
| Documents 1: Title - (Value) | PFS - Contract |
| Documents 1: URL - (Value) | https://s3.eu-west-2.amazonaws.com/golab.prod/documents/PFS_contract-8.pdf |