Opportunity NYC
Opportunity NYC was an experimental Conditional Cash Transfer program (CCT) by the Mayor of New York City, Michael Bloomberg. Announced in April 2007, it was the first CCT program to be launched in the United States or any other developed nation. Its initial phases were funded by a number of private partners including The Rockefeller Foundation, Robin Hood Foundation, the Open Society Institute, Starr Foundation, AIG, and Mayor Bloomberg's own Bloomberg Family Foundation. The program is being evaluated by MDRC, a nonprofit research firm, using a random assignment research design. Opportunity NYC is administered by Seedco, a nonprofit community development organization. The program ended on August 31, 2010.
Michael Bloomberg
Bloomberg served as the 108th Mayor of New York City, holding office for three consecutive terms, beginning his first in 2001. A Democrat before seeking elective office, Bloomberg switched his party registration in 2001 to run for mayor as a Republican. He defeated opponent Mark Green in a close election held just weeks after the September 11 terrorist attacks. He won a second term in 2005, and left the Republican Party two years later. Bloomberg campaigned to change the city's term limits law, and was elected to his third term in 2009 as an Independent on the Republican ballot line.