In January 2014, Living Cities joined with the Commonwealth of Massachusetts, Third Sector Capital Partner, Goldman Sachs, Kresge, New Profit Foundation, and other local and national private and philanthropic funders to launch the nation’s largest financial investment in a Pay For Success (PFS) initiative.
Pay For Success is an innovative financing structure that redirects public spending by encouraging innovation and rewarding initiatives that work. The Massachusetts Juvenile Justice Social Innovation Financing (SIF) Project, with Roca Inc, a Chelsea nonprofit, is designed to improve outcomes for hundreds of at-risk young men in the probation system or leaving the juvenile justice system.
Almost 1,000 young men from Boston, Chelsea, and Springfield will be offered counseling, life skills, vocational training, and transactional employment to change their behavior and avoid violence.
Massachusetts' Governor Deval Patrick is optimistic that this initiative will allow the state to “marry smart financial solutions with programs proven successful in helping high-risk youth become employed, stay employed, and break the cycle of violence.”