Chicago’s Social Impact Bond for Child-Parent Centers Expands a Proven School Reform Model

The City of Chicago’s approval of Mayor Rahm Emanuel’s plan to increase enrollment in the ChildParent Centers (CPC) by 2,600 preschool students is a watershed for social impact bond (SIB) financing. Not only is the SIB the largest in private investment ($16.9 million over 4 years), but it is the first for a proven model of school reform.

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