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Social Impact Bonds for Youth

Here's a new way to show real commitment to troubled youth: New York City announced last week that Goldman Sachs is providing a $9.6 million loan for a new four-year program to reduce the rate at which teen boys incarcerated at Rikers Island reoffend.
Information Update
August 11, 2012
 

The twist: The loan is in the form of a social impact bond that will be repaid only if the program reduces recidivism by more than 10 percent. Read the summary by Reclaiming Futures.
 
Learn more from the Forum about the potential benefit of social impact bonds:

A New Way to Fund Social Programs?
Webinar on using social impact bonds for youth interventions
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