Commitment to Action

Denver's Supportive Housing Social Impact Bond

Commitment by

City & County of Denver

In 2014, the City and County of Denver and its local partners committed to fully developing a Social Impact Bond to finance an evidence-based supportive housing initiative for at least 200 chronically homeless individuals who also struggle with mental health and substance abuse challenges. The initiative, one of the first of its type in the country, will likely make use of a combined housing approach; using an existing scattered-site housing units in the short-term and building new permanent supportive housing units for the long-term. Both housing models will include either mobile or onsite units that will provide intensive case management that will focus on physical health, behavioral health, substance abuse, and daily needs. Over the next year, the City and its partners will work together to develop the program model, the housing financing needed to build new, permanent supportive housing units, and develop a market-ready structure for the Social Impact Bond.

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Overview
Summary

Commitment

Denver's Supportive Housing Social Impact Bond

Launched

2014

Est. Duration

2 Years

Estimated Total Value

$8,630,000

Region

Northern America

Countries

United States

Commitment by

City & County of Denver

Partner(s) of the Commitment Maker(s)

Enterprise Community Partners, Corporation for Supportive Housing, Social Impact Solutions, Colorado Coalition for the Homeless, Mental Health Center of Denver, Urban Institute, Colorado Access