New Funding to Help Vulnerable People
In “Pay for Success Will Help Vulnerable People,” De Santis writes that the goal of the funding is “to advance and evaluate emerging models that align payment for social services and housing with verified results, also known as Pay for Success initiatives.”
Funding comes from the Corporation for National and Community Service’s (CNCS) Social Innovation Fund (SIF)
The pay for success (PFS) model has shown success in talking “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.”
“Supportive housing is consistently at the top of the list of effective interventions that can be brought to scale and fully realized through Pay for Success financing.
We look forward to guiding communities in the use of Pay for Success as an innovative vehicle for expanding the proven, data-driven solution that is supportive housing.”
Writes De Santis.
In the next several months, CSH will hold its first open competition planned as part of this award to select an estimated 4-5 government and nonprofit organizations that will receive a customized package of technical assistance to build their capacity to pursue PFS pilots.
Click here for the full Huffington Post story.
Click here for more information from CSH.