Dear Pay for Success Community,
Nonprofit Finance Fund (NFF) is pleased to present our latest Quarterly Round-Up of major developments and news from the Pay for Success (PFS) arena in the United States. Below we have highlighted market updates, publications informing the growth of PFS nationally, and open opportunities to engage in or get support for PFS activities. As always, more information can be found on the Pay for Success Learning Hub.
- Denver Council OKs Contracts for Privately Funded Homelessness Program The Denver City Council approved a pair of contracts, an important step towards launching the nation's ninth PFS project, which is focused on supportive housing.
- Peterborough SIB Evaluation Finds Mixed Results The financing mechanism alone did not spur innovation, yet improved collaboration between service providers and governments emerged through a collective focus on outcomes.
- Mechanics Bank Purchases Richmond's First Social Impact Bonds Mechanics Bank is purchasing the full $3 million issue of SIBs that Richmond Community Foundation will use to acquire, rehabilitate, and sell blighted homes throughout the city.
- Urban Institute Announces Partnerships for PFS Initiative Urban announced the seven jurisdictions and organizations that will be receiving up to 18 months of training and technical assistance.
Voices from the field:
- Cuyahoga Program Partner Perspectives and Lessons Learned Report Published The report shares project partner learnings from the beginning of their work on the Partnering for Family Success Program in Cuyahoga County, Ohio as well as an outline of the development timeline.
- American Enterprise Institute Hosts PFS Panel Discussion Rep. John Delaney and Rep. Todd Young, along with PFS practitioners, discuss how the PFS model can drive more effective social spending in crucial policy areas.
- Voices from PFS Pioneers Blog Series Continues Santa Clara County, Hillside Intensive Community Action Program, Nurse-Family Partnership, and Greenville Health System share their successes and challenges in pursuing PFS. *Our blog comments feature is now live, please join the conversation!
- Chronicle of Philanthropy Releases PFS Video Series Panelists from James Irvine Foundation, Living Cities, Third Sector, and Urban Institute share perspectives from their involvement in PFS projects.
- Urban Institute Explains How to Select the Strongest PFS Interventions Urban looks at how to select and strengthen PFS interventions, and ranks interventions in four categories based on the strength of prior evaluations and demonstrable outcomes.
- The Bridgespan Group Offers Keys to Realizing the Potential of SIBs Bridgespan offers suggestions around what can be done to maximize the likelihood that SIBs deliver compelling, documented value, thereby avoiding the creation of a "bubble."
- New FAQ and Essay from Utah's Project Evaluator Dr. Mark Innocenti published an essay describing the approach taken by the Utah PFS team as well as frequently asked questions in response to a discussion around project interim results. Related op-ed from Libby Doggett, of the U.S. Department of Education, and David Wilkinson, of the White House Office of Social Innovation.
- Lessons Learned in Minnesota's Stalled Pay-For-Performance Financing Initiative A report examines why, while PFS initiatives have moved forward in other states, Minnesota has been unable to issue the appropriation bonds authorized in the Pay For Performance Act of 2011.
- Article Explores How to Define 'Success' in PFS Projects Patrick Lester, of the Social Innovation Research Center, incorporates the perspectives of many PFS experts to examine why PFS projects success or failure has been a matter of debate.
Opportunities to engage:
- Social Innovation Fund Releases 2016 PFS Notice of Funding Availability The SIF PFS Grants Competition will provide up to $10.6 million to those seeking to advance and evaluate emerging models that align payment for social services with verified outcomes.
- CSH Second Round Feasibility Technical Assistance Competition Open CSH is seeking proposals from Government, tribes, or eligible nonprofits interested in receiving technical assistance to determine the feasibility of a PFS initiative focused on supportive housing.
- ICS Launches New Competition for Technical Assistance The Institute for Child Success is offering two opportunities to jurisdictions interested in improving outcomes for children: PFS technical assistance for three to five jurisdictions and an opportunity to participate in a national conference on early childhood PFS.
- NCCD Announces RFP for Feasibility Assessment Technical Assistance NCCD will select up to three entities to receive technical assistance to determine the feasibility of using PFS to support evidence-based youth development programming.
- Policy Innovation Lab Issues Notices of Funding Availability The University of Utah Policy Innovation Lab is calling for proposals for their 2016 PFS programs for Government Innovation Fellows and Service Provider Capacity Building.
- Third Sector Capital Partners Hosting Second Round SIF Competition Third Sector will select up to five government sub-recipients to support projects focused on using PFS and the new WIOA legislation to increase outcomes for youth.
- LJAF Announces Expanded Funding for Randomized Controlled Trials The Laura and John Arnold Foundation has committed to funding all proposals for RCTs of $100,000 to $300,000 that receive high ratings from its expert review panel.
Be sure to check out the Pay for Success Learning Hub and follow us on Twitter (@NFFSocialImpact) for the latest updates. And, as always, feel free to contact us with Pay for Success-related resources you would like added to the Hub or other inquiries.
- NFF's Pay for Success Team