Massachusetts Launches Pay For Success Initiative to Reduce Chronic Individual Homelessness - December 8, 2014

Program will provide 500 units of stable supportive housing for up to 800 chronically homeless individuals over 6 years

FRAMINGHAM – Monday, December 8, 2014 – Governor Deval Patrick today announced the launch of a Massachusetts Pay for Success (PFS) initiative that will leverage philanthropic and private capital investments to reduce chronic individual homelessness, creating a new model of sustainable state support for chronically homeless individuals. The initiative will provide 500 units of stable supportive housing for up to 800 chronically homeless individuals over 6 years, improving the well-being of individuals while saving taxpayer dollars by reducing the utilization of costly emergency resources like shelter and Medicaid payments.

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