This sounds like a fantastic idea. I was in that market for most of my career, and it is filled with extremely competent people with resumes that don't convey much. The "you want to see the code I worked on? Uh, that's a felony for both of us" type thing. (there is also the fact that resumes written for that job market are filled with jargon that doesn't convey much to outsiders). It was really hard dealing with companies that didn't want to 'get' that former point when I left that sector. Fortunately for me my current employer was very cool about it.
I would suggest there is a lot of money being left on the table for a business willing to work with the ~95% of programmers this is leaving behind...