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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, 2018View for printing

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 ... for-success
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