Blog

Future of PFS: What happens if PFS evaluations don’t include counterfactuals?

How important is it to conduct an evaluation that includes a strong counterfactual? The rudimentary medical practice of bloodletting helps answer that question. 
Blog

Exciting progress shown in early results for Denver PFS project

The first results for the Denver Supporting Housing Social Impact Bond Initiative were announced today. This PFS project, led by the city of Denver, the Corporation for Supportive Housing, Enterprise Community Partners, the Colorado Coalition for the Homeless, and the Mental Health Center of Denver, provides people who are chronically homeless with a permanent supportive housing intervention. The promising results have led to the first “success payment” for the project’s investors.
Blog

Why pay for success projects can take so long (and why they’re worth it)

Typically, pay for success (PFS) projects take a year or more just to launch, and another four to seven years for implementation and evaluation.
Blog

Future of PFS: 5 questions funders ask before investing in PFS

A defining feature of pay for success (PFS) is the shifting of financial risk from government to private or philanthropic investors. This makes securing suitable investors an essential component of PFS project structuring. But what do investors look for in a PFS project?
Blog

How do I start a PFS project?

A common question we at Urban receive is how to get started with pay for success (PFS), a model well-known for both its potential benefits and its complexity.