Impact Bond: Massachusetts Chronic Individual Homelessness Pay for Success Initiative
Stage of development: Implementation
Policy sector: Homelessness
Intervention: 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.
Date outcomes contract signed: 2014-12
Start of service provision: 2015-12
Dates notes: 08/12/2014 (date announced) and  01/12/2015 (implementation start)
Total investment commitment currency: USD
Total investment commitment: 2500000
Total investment commitment (USD): 2500000
Target population: Individuals defined as "chronically homeless" by US Department of Housing & Urban Development or identified as homeless, anticipated high-cost users of emergency services.
Targeted number of service users or beneficiaries: 800