Pay for Success Initiative to Reduce Chronic Individual Homelessness Exceeds Goals; Issues First Dividend Payments to Investors

For more information, contact:
Brigid Boyd, United Way, 339-236-1161


The first-in-the-nation Pay for Success initiative to reduce chronic individual homelessness has
significantly exceeded targets and successfully placed over 656 high-need individuals into stable,
supportive housing, with 92% remaining housed after one year.

On Tuesday, February 13 at Pine Street Inn in Boston, the leaders of the Massachusetts Alliance
for Supportive Housing (Massachusetts Housing & Shelter Alliance, Corporation for Supportive
Housing, Santander Bank and United Way of Massachusetts Bay and Merrimack Valley) will be
recognizing the significant impact of this Massachusetts Pay for Success initiative, including how
supportive housing strategies are addressing chronic homelessness across Massachusetts, as well as
the benefits of the partnership in terms of impact and cost savings.

The outcomes of this partnership have triggered dividend payments to partners investing in this unique
social innovation financing model that so far has saved Massachusetts an estimated $2.2 million in
shelter, emergency room and in-patient hospitalization care costs.

WHEN: Tuesday, February 13 from 8 – 10 a.m. (Program begins 8:30 am)

WHERE: Pine Street Inn, Community Room (3rd floor), 444 Harrison Avenue, Boston

Joe Finn, President & Executive Director, Massachusetts Housing & Shelter Alliance
Duke Dayal, President & CEO, Santander Bank, N.A.
Michael K. Durkin, President, United Way of Massachusetts Bay and Merrimack Valley
Matthew Doherty, Executive Director, U.S. Interagency Council on Homelessness
Lyndia Downie, President & Executive Director, Pine Street Inn
Tom Brigham, Director, Massachusetts Alliance for Supportive Housing
Ryan Moser, Vice President for Strategy & Impact, Corporation for Supportive Housing
Gwen Robinson, Managing Director, Corporate Social Responsibility, Santander Bank, N.A.

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