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Denver’s first homelessness bond didn’t reduce deaths, but can the second?

The second phase of the Social Impact Bond focuses on better health outcomes and care savings

Karen Underwood, left, placed the candle for her son Kevin Blue Underwood, 33, during the annual Homeless Person's Memorial Vigil in front of Denver City and County Building in Denver on Thursday, Dec. 21, 2023. Karen lost her son Kevin on June 13, 2023. The Denver community came together on the shortest day of the year to honor those neighbors who passed away while experiencing homelessness. (Photo by Hyoung Chang/The Denver Post)
Karen Underwood, left, placed the candle for her son Kevin Blue Underwood, 33, during the annual Homeless Person’s Memorial Vigil in front of Denver City and County Building in Denver on Thursday, Dec. 21, 2023. Karen lost her son Kevin on June 13, 2023. The Denver community came together on the shortest day of the year to honor those neighbors who passed away while experiencing homelessness. (Photo by Hyoung Chang/The Denver Post)
DENVER, CO - MARCH 7:  Meg Wingerter - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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At the time of the first Social Impact Bond, Denver was looking to reduce spending on jails, emergency shelters and drug detox facilities, and the finding that people went to the emergency room less often was a bonus.
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