Project
| ID | INDIGO-POJ-0261 |
|---|---|
| Impact Bond Name - (Value) | Reducing homelessness - Denmark |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1 |
| Social Investment Prototype - (Value) | NO |
| Dates - Date outcomes contract signed - (Value) | 2021-12 |
| Dates - Start date of service provision - (Value) | 2022-01 |
| Dates - Anticipated end date of service provision - (Value) | 2024-10 |
| Dates - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | DKK |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 3600000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 572337.0429 |
| Overall project finance - (Source ID's) | source1,source3 |
| Purpose and classifications - Social challenge - (Value) | Homelessness (Ikast-Brande Municipality does not have many homeless people, and they therefore find it difficult to implement an intensive and specialized effort for this target group due to limited competence among the professionals). |
| Purpose and classifications - Intervention - (Value) | Based on the principles of Housing First, the homeless people receive help to find housing and social support. The intervention is targeted at the homeless citizens in Ikast-Brande Municipality, who are having a particularly difficult time and who need a focused effort to be helped further in their lives. The intervention is based on the Housing First method CTI and citizens receive support for approx. nine months. |
| Purpose and classifications - Policy sector - (Value) | Homelessness |
| Purpose and classifications - (Source ID's) | source1 |
| Service and beneficiaries - Target population - (Value) | All homeless and vulnerable citizens in Ikast-Brande Municipality. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 20 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source1,source2 |
| Delivery Locations 1: Service Provision ID - (Value) | deliverylocation1 |
| Delivery Locations 1: Location - Name - (Value) | Ikast-Brande |
| Delivery Locations 1: Location - Country - (Value) | DK |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 56.0145 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 9.2337 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Email correspondence with Den Sociale Investeringsfond (The Social Investment Fund, Denmark) on 24 October 2022. |
| Sources 1: Type - (Value) | Email correspondence |
| Sources 1: Accessed Date - (Value) | 2022-10-24 |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Investing in fighting homelessness: DSI has invested in Housing First initiatives for homeless and vulnerable citizens in Ikast-Brande Municipality'. Article on DSI website. |
| Sources 2: Type - (Value) | Website |
| Sources 2: URL - (Value) | https://dsi.dk/dsi/vores-investeringer/investering-i-bekaempelse-af-hjemloeshed/ |
| Sources 2: Accessed Date - (Value) | 2022-10-24 |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Investment in homelessness in Ikast-Brande Municipality'. Article on DSI website. |
| Sources 3: Type - (Value) | Website |
| Sources 3: URL - (Value) | https://dsi.dk/investering-i-hjemloeshed-i-ikast-brande-kommune/ |
| Sources 3: Accessed Date - (Value) | 2022-10-24 |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1406 |
| Service Provisions 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-1406 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Outcome Payment Commitments 1: Notes | Outcome payer |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-1411 |
| Investments 1: Organisation Role Category - (Value) | Investment Fund |
| Investments 1: Investment Commitment - Currency - (Value) | DKK |
| Investments 1: Investment Commitment - Amount - Exact - (Value) | 3600000 |
| Investments 1: Notes | Investors |
| Outcome Metrics 1: Id | outcomemetrics1 |
| Outcome Metrics 1: Outcome Definition - (Value) | At least 80% of the citizens who are screened for the effort (16 of the 20 recruited citizens) complete the course with participation throughout all 9 months. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 20 |
| Outcome Metrics 1: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | At least 80% of the citizens who, prior to the start of the initiative, had a significant use of hostels (>30 days over 6 months before the start of the initiative), spend less than 6 days in a hostel per 6th month in the follow-up period which runs for 3 years from the start of the effort |
| Outcome Metrics 2: Targeted number of service users Or beneficiaries (total) - (Value) | 20 |
| Outcome Metrics 2: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | At least 60% of the citizens who, prior to the initiative's start, did not have a significant consumption of hostels, succeeded in reducing their consumption of housing benefit - defined as receiving no or little housing benefit during the follow-up period (3 years) |
| Outcome Metrics 3: Targeted number of service users Or beneficiaries (total) - (Value) | 20 |
| Outcome Metrics 3: Unit type of targeted Service users or beneficiaries - (Value) | Individual |