8 Urban Policy Ideas for Obama’s 2nd Term
EMILY BADGER AND SOMMER MATHIS / NOV 07, 2012
… #6. Deploy social impact bonds. While we’re at it looking for novel funding schemes, this one would help pay for social programs that serve, for instance, foster children, criminal offenders, the mentally ill or drug addicts. These are the types of initiatives that tend to get hit first with budget cuts. But social impact bonds, already tried in Britain, could connect private investment to public good to keep such programs alive. John Roman and Jeffrey Butts at the Urban Institute explain how it worked in Britain.