Project
| ID | INDIGO-POJ-0264 |
|---|---|
| Impact Bond Name - (Value) | Reducing Homelessness Among Less Vulnerable Young People - Denmark |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1 |
| Dates - Date outcomes contract signed - (Value) | 2020-12 |
| Dates - Start date of service provision - (Value) | 2021-12 |
| Dates - Anticipated end date of service provision - (Value) | 2024-12 |
| Dates - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | DKK |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 7300000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 1107738.998482549 |
| Purpose and classifications - Social challenge - (Value) | Aarhus Municipality has a particular challenge with young homeless people as it is the city in Denmark with the highest proportion of young homeless people, compared to the number of inhabitants. The city council has therefore defined an objective to halve the number of young homeless people between the ages of 18-24 in five years - from 172 in 2019 to a maximum of 86 in 2024, and a number of Housing First interventions have been initiated. The investment is one of several initiatives launched by Aarhus Municipality to achieve the objective. |
| Purpose and classifications - Intervention - (Value) | The intervention is targeting the less vulnerable young homeless people in Aarhus Municipality who are closer to permanent housing. The goal is for the young people to move away from hostels into their own accommodation, and for them to get closer to starting (or start) employment or education. At the same time, the goal is to increase the young people’s life skills - so that in the long term they will be able to achieve self-efficacy. |
| Purpose and classifications - Policy sector - (Value) | Homelessness |
| Purpose and classifications - (Source ID's) | source1,source2 |
| Service and beneficiaries - Target population - (Value) | Homeless young people |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 45 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Delivery Locations 1: Service Provision ID - (Value) | deliverylocation1 |
| Delivery Locations 1: Location - Name - (Value) | Aarhus |
| Delivery Locations 1: Location - Country - (Value) | DK |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 56.1629 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 10.2039 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Email correspondence with Den Sociale Investeringsfond (The Danish Social Investment Fund) on 24 october 2022. |
| Sources 1: Type - (Value) | Email correspondence |
| Sources 1: Notes | SIB Data submission form filled by Danish organization, Den Sociale Investeringsfond. |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Article 'Investing in youth homelessness prevention'. |
| Sources 2: Type - (Value) | Website |
| Sources 2: URL - (Value) | https://dsi.dk/dsi/vores-investeringer/investering-i-forebyggelse-af-ungdomshjemloshed/ |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1410 |
| Service Provisions 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-1410 |
| 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 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Housing situation: The young person has a stable housing situation. In practice, it is operationalized by making sure the young person does not use homeless shelters. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 45 |
| Outcome Metrics 1: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 1: Outcome metric target - (Value) | Housing situation: The young person has a stable housing situation. In practice, it is operationalized by making sure the young person does not use homeless shelters. |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Labor market situation: The young person becomes more attached to either education or the labor market. Employment is measured as the young person having been registered with an employment rate of at least 25% in the preceding 6-month period, and greater attachment to education is measured as enrolment and study activity in an SU-eligible (state education grant eligible) education |
| Outcome Metrics 2: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 2: Outcome metric target - (Value) | Labor market situation: The young person becomes more attached to either education or the labor market. Employment is measured as the young person having been registered with an employment rate of at least 25% in the preceding 6-month period, and greater attachment to education is measured as enrolment and study activity in an SU-eligible (state education grant eligible) education |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | Self-efficacy: The young person experiences increased well-being, desire, and ability. Measured as progression in the young person's action plan in the municipality. |
| Outcome Metrics 3: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 3: Outcome metric target - (Value) | Self-efficacy: The young person experiences increased well-being, desire, and ability. Measured as progression in the young person's action plan in the municipality. |