Paying for Results: Can Banks and Investors Finance Social Success?
Tuesday, February 11, 2014
Joe Finn, the executive director of the Massachusetts Housing and Shelter Alliance has been one of many non-profit directors excited about a popular new system meant to help both cities and banks, by allowing them to team up on social programs. The programs, known as pay-for-success contracts or social impact bonds, are supposed to impose capitalist discipline on the chaotic, often untested world of social work.
Source: The Guardian (link opens in a new window)
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