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"A lot of mayors are interested in social impact bonds" Social programs experiment with private investors who receive ‘pay for success’
February 6, 2018/
Programs addressing issues such as homelessness are increasingly financed with social impact bonds funded by private investors who get a return if the services result in progress.
Rather than rely on handouts by cash-strapped governments, private investors step in to provide money through a financing tool known as a social impact bond.
Carey L. Biron
