September 9, 2014;Housing Horizon (Enterprise Community Partners)
It is more than a little surprising to us at the Nonprofit Quarterly that the House Ways and Means Committee hearing on the Social Impact Bond Act introduced by Rep. Todd Young (R-IN) and Rep. John Delaney (D-MD) received just about no mainstream press coverage. One possible explanation might have been that last week was devoted largely to the nation’s international crises, particularly the decision to expand bombing of ISIS from Iraq into Syria. That’s tough competition for a hearing on SIBs.
Little could be found aside from statements from the hearing posted on the Ways and Means website and some brief coverage on the hearing, either in the lead-up to it, such as this piece from an Enterprise Community Partners blog*, or in its aftermath, such as this brief post from the Social Innovation Research Center, the latter described as an apparently-nonprofit “consulting and evaluation firm specializing in social innovation and performance management for nonprofits and public agencies,” led by Patrick Lester, a former VP for the Alliance for Children and Families.
Lester reported that amidst the line-up of witnesses in support of SIBs, including social impact bond intermediaries such as Third Sector Capital Partners’ George Overholser and SIB implementers like