Beginning in 2011, the Commonwealth of Massachusetts began soliciting information from potential service providers about possible interventions, resulting in an August 2012 Request for Proposals for two projects – one in the field of juvenile justice, and the other in the area of chronic homelessness.

Third Sector Capital of Boston was named as the financial intermediary and fundraiser for both programs. The Commonwealth authorized a commitment of up to $50 million to repay potential investors for providing the upfront funds to launch the intervention.

In January 2014, the  juvenile  justice project was finalized, with nonprofit Roca to provide intensive outreach, like skills and employment training based on cognitive behavioral intervention, to re-engage young people and help them move out of violence, incarceration and poverty and into education, like skills and employment training. The project will serve 929 young men aged 17-23 and the target is to reduce the number  of days the young men are incarcerated. Third Sector Capital Partners it the intermediary and other partners are the Commonwealth, the US Department of Labor and various  private and philanthropic funders and investors. Click here for the press release and click here for the executed Roca contract.