Social Impact Bonds: A Social Impact Investment Approach to Facilitating Community Development

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dc.contributor.authorCarbone, Jason T.
dc.contributor.authorMcMillin, Stephen Edward
dc.date.accessioned2019-11-06T16:38:15Z
dc.date.available2019-11-06T16:38:15Z
dc.date.issued2017
dc.description.abstractCommunity development is a field of practice that encompasses many disciplines and has special resonance for social work. Although the definition of the term community development is not consistent throughout the literature, this article proposes a definition that broadly conceptualizes the term as the synthesis of solidarity, agency, and community well-being. The role of social indicators to measure the impact of community development initiatives is discussed. Social impact bonds, a form of social impact investing, are presented as a tool to encourage a more holistic approach to community development. This is achieved by moving beyond individual program output measures and focusing on community-level outcomes. The limitations of social impact bonds are also discussed as is their relevance within the larger social work context.en_US
dc.identifier.urihttps://hdl.handle.net/10657/5263
dc.language.isoen_USen_US
dc.publisherUniversity of Houston Graduate College of Social Worken_US
dc.subjectPerspectives on Social Worken_US
dc.subjectJason T. Carboneen_US
dc.subjectStephen Edward McMillinen_US
dc.subjectCommunity Developmenten_US
dc.subjectSocial Impact Investigatingen_US
dc.subjectSocial Impact Bondsen_US
dc.subjectGrand Challenges for Social Worken_US
dc.subjectPerspectives on Social Work
dc.subjectSocial work
dc.subjectCommunity development
dc.subjectSocial Impact Investigating
dc.subjectSocial Impact Bonds
dc.subjectGrand Challenges for Social Work
dc.titleSocial Impact Bonds: A Social Impact Investment Approach to Facilitating Community Developmenten_US
dc.typeArticleen_US

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Perspectives on Social Work: 2017