By Mary K. Cunningham, Devlin Hanson,Sarah Gillespie,Michael Pergamit,Alyse D. Oneto,Patrick Spauster,Tracey O'Brien,Liz Sweitzer,Christine Velez

Homelessness is growing in communities across the United States as housing becomes increasingly unaffordable and public systems fail to support people who need assistance, forcing thousands to sleep outside or in shelters. Without access to housing and services, many people experiencing chronic, or long-term, homelessness are trapped in a homelessness-jail cycle—rotating in and out of jail, detoxification centers, and emergency health care. This cycle doesn’t help people access the assistance they need to find stability, and it comes at a major cost to taxpayers. Rather than paying for the consequences of leaving people in homelessness, communities could invest in housing and services that end this harmful pattern. Results from the five-year Denver Supportive Housing Social Impact Bond Initiative (Denver SIB) show how both people and public budgets benefit when communities take this proactive approach.ess, communities could invest in housing and services that end this harmful pattern. Results from the five-year Denver Supportive Housing Social Impact Bond Initiative (Denver SIB) show how both people and public budgets benefit when communities take this proactive approach. The Denver SIB, launched in 2016 by the City and County of Denver, aimed to increase housing stability and decrease jail stays among people who were experiencing chronic homelessness and who had frequent interactions with the criminal justice and emergency health systems.

Washington, DC: Urban Institute, 2021. 94p.