Denver’s Housing First Initiative A ‘Remarkable Success’
Colorado - A five-year evaluation of Denver’s Social Impact Bond (SIB) program by The Urban Institute found the housing first initiative is a “remarkable success” at reducing chronic homelessness.
In all, the study found that 79 percent of people who received treatment under the program were engaged in stable housing. Those referred to SIB spent an average of 560 more days in housing than people who received other community assistance.
Overall, the study analyzed the cases of 724 program participants. After one year, 86 percent of people remained in stable housing. After two years, the number stood at 81 percent. And, after three years, over 77 percent of participants remained housed.
The program—one of the first in the country—also reduced shelter visits and police contacts for participants.