MDRC, the New York-based organization that designs and evaluates social programs, released a report about the New York City social impact bond program that was started in 2013. This social impact bond program is the first such program in the United States and one of only a handful social impact bonds that are in operation worldwide, with the others being in England and Australia. This program took several years to design; service provision started in January 2013 and continues to date. The report covers the design of the program, and questions such as whether the program has achieved its target results will be answered later once preliminary evidence becomes available.
Title: Financing Promising Evidence-based Programs: Early Lessons from the New York City Social Impact Bond
Date: December 2013
Authors:
Timothy Rudd, MDRC
Elisa Nicoletti, MDRC
Kristin Misner, NYC Mayor’s Office
Janae Bonsu, MDRC
Link: http://www.mdrc.org/sites/default/files/Financing_Promising_evidence-Based_Programs_FR.pdf
Michael Belinsky 