Impact Bond: Reducing Homelessness Among Less Vulnerable Young People - Denmark
Stage of development: Implementation
Policy sector: Homelessness
Social challenge: 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.
Intervention: 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.  
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: 7300000
Total investment commitment (USD): 1107738.998482549
Target population: Homeless young people
Targeted number of service users or beneficiaries: 45
Targeted unit type: Individual