Impact Bond: Reducing Homelessness among the Most Vulnerable Young People - Denmark
Stage of development: Implementation
Policy sector: Homelessness
Social challenge: Homelessness
Intervention: The intervention is targeting the most vulnerable young homeless people in Aarhus Municipality. The goal is for the young people to move away from hostels and 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. The young people who take part in the project must be offered an intensive, comprehensive, and flexible intervention, which has the character of a preventive effort in relation to the development of chronic homelessness or further worsening of current challenges.
Date outcomes contract signed: 2020-12
Start of service provision: 2021-12
Anticipated end of service provision: 2024-12
Total investment commitment currency: DKK
Total investment commitment: 15900000
Total investment commitment (USD): 2412746.585735964
Target population: Homeless young people
Targeted number of service users or beneficiaries: 36
Targeted unit type: Individual