Today The Huffington Post published “MA Pay for Success Worth Watching,” a blog post by Deborah De Santis, President and CEO of CSH. The blog post describes the innovative Pay for Success (PFS) initiative that is being implemented by the Massachusetts Alliance for Supportive Housing (MASH), a partnership of MHSA, United Way of Massachusetts Bay and Merrimack Valley (United Way) and CSH. The initiative is focused on reducing chronic homelessness by providing permanent supportive housing.
The PFS initiative leverages a mix of philanthropic funding and private investor capital from United Way, Santander Bank, N.A., and CSH. If the goals of the PFS initiative are met, the government compensates the investors for undertaking the investment risk. An independent evaluator, Root Cause, will determine if the PFS initiative has achieved its goals. MHSA is grateful to the Commonwealth for its leadership and to all of our partners who are making this initiative possible.