Lantz and Iovan detail Pay-For-Success financing model use for housing interventions
Ford School professor Paula Lantz and researcher Samantha Iovan were published in the December 2018 issue of Behavioral Science & Policy. The journal article “Using pay-for-success financing for supportive housing interventions: Promise & challenges” examines the seven housing-related Pay-For-Success (PFS) projects that have launched in the U.S. as of May 1, 2018 using the researchers’ innovative PFS surveillance system. Pay for Success is a financing model in which private investors put up the capital for interventions that the government will repay if predetermined metrics of success are achieved.
Through their analysis, Lantz and Iovan found that these projects provide excellent examples of how the PFS financing model can address serious public problems. PFS funding has helped to expand evidence-based permanent supportive housing programs that improve housing stability and other outcomes in populations that are chronically homeless or at high risk for homelessness.
This is one of several PFS research studies the two have published together. Another recent study modeled the potential impact of a PFS intervention involving housing and health care improvements for children with asthma in Detroit.
Read the full article at BehavioralPolicy.org.