LIIF and Partners Publish New Report on Pay for Success and Housing Mobility
The Low Income Investment Fund (LIIF) joined with researchers from the Johns Hopkins School of Medicine, the Urban Institute, and the Poverty & Race Research Action Council (PRRAC) to publish Leveraging the Power of Place: Using Pay for Success to Support Housing Mobility through the Federal Reserve Bank of San Francisco’s Community Development Investment Center working paper series.
Housing mobility is a strategy to help families living in areas of concentrated poverty use tenant-based housing vouchers to relocate to healthier and better-resourced environments. Rigorous research has shown that it is effective for increasing long-term earnings for children, boosting educational attainment, and improving health. However, housing mobility faces significant barriers to replication and scaling, including scarcity of funds. The new report explores how Pay for Success (PFS) financing could overcome these barriers.Read the full article here