“Dealing with chronic homelessness: Pay-for-success approach shows promise”

On July 15, 2015, CommonWealth Magazine published an op-ed written by Joe Finn, President & Executive Director of the Massachusetts Housing & Shelter Alliance, and Michael K. Durkin, President of United Way of Massachusetts Bay and Merrimack Valley. The piece highlights the Commonwealth’s recently launched Pay for Success initiative to place up to 800 chronically homeless individuals…

Supplemental Budget Highlights Need for Innovation

This week, the Massachusetts Legislature approved a $363 million spending bill that included $51.5 million for emergency assistance homeless programs. In an article describing the spending bill, the State House News Service quoted MHSA President & Executive Director Joe Finn’s reflections on the need for innovative solutions to homelessness. Joe Finn, executive director of the…

Massachusetts Launches Pay for Success Initiative to Reduce Chronic Homelessness

Today Governor Deval Patrick announced the launch of the first-in-the-nation Pay for Success (PFS) initiative to reduce chronic individual homelessness. This innovative form of financing relies on up-front funds from private investors to expand permanent supportive housing in Massachusetts. If the program is successful, the private investors will be paid back with public dollars. MHSA…