Two upbeat messages to end the week: the SIB revolution continues…
Pay For Success Will Help Vulnerable People
The Huffington Post
The Corporation for National and Community Service’s (CNCS) Social Innovation Fund (SIF) announced that CSH (Corporation for Supportive Housing) and seven other organizations received new fund investments to build healthier communities.
Unveiled at an event co-hosted by the U.S. National Advisory Board on Impact Investing, SIF, and the Beeck Center for Social Impact and Innovation at Georgetown University, the investments aim to advance and evaluate emerging models that align payment for social services and housing with verified results, also known as Pay for Success initiatives.
Pay for Success financing is designed to tackle persistent community challenges by partnering nonprofits and the public sector with philanthropic and private sector investors to create incentives for service providers to deliver better outcomes at lower cost–producing the highest return on taxpayer investments.
CSH will use our $750,000 award to build on seed funding provided by the Rockefeller Foundation and Robert Wood Johnson Foundation to explore the potential of Pay for Success as a tool to expand supportive housing. CSH will provide expert advice and guidance to help up to 12 communities across the country implement robust Pay for Success models to create more supportive housing, which offers affordable homes as platforms through which vulnerable people can access community-based services and stabilize their lives.
CSH is pleased to have the Center for Health Care Strategies and Third Sector Capital Partners as its collaborating partners for this award.
We are grateful for the recognition, and are eager to help build successful Pay for Success models in communities across the country.
Greenville Nonprofit Wins Federal ‘Pay for Success’ Grant Competition
Lauren Sausser – The Post and Courier
The Greenville-based Institute for Child Success was awarded a $780,000 federal grant on Wednesday. The money will be used by the Institute to promote projects around the country proven to improve early childhood health and education.
All of the projects will be structured on a “Pay for Success” funding model, which, according to a news release about the award, aligns “payment for services with verified outcomes.”
“We will match that $780,000 with private dollars,” said Joe Waters, vice president of the Institute for Child Success. “It’s to provide technical assistance for jurisdictions, states, cities, school districts, etcetera, across the country, to put together Pay for Success projects.”