CSH Names Three New Pay for Success Grantees (Corporation for Supportive Housing)

CSH has selected New Mexico Appleseed and the Memphis-based Community Alliance for the Homeless (CAFTH) to receive two separate grants that will determine if Pay For Success (PFS) financing can help create supportive housing for families without homes who also experience high instances of open child welfare cases.

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Running — biking? — at the challenge of rural impact investment (Medium)

At Quantified Ventures, we tend to run at challenges, listening hard and learning actively with our clients and partners. This wasn’t my first trip to Athens. I have been there several times recently, working with the U.S. Forest Service (through an effort supported by The National Forest Foundation) to determine whether “Pay for Success” could be used to fund recreational infrastructure. Through a competitive process, the Wayne National Forest — located in the hills of Southeast Ohio — was selected as a promising investment candidate. We are now assessing the feasibility of financing an 88-mile single track mountain biking trail designed for all level riders by tying investor repayment to economic development outcomes. These outcomes would include increased spending by visitors, resulting in increased earnings and job opportunities for the region.

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Elevating Community Voice (Third Sector Capital Partners)

In October 2017, the Children’s Services Council of Broward County, Florida (CSC Broward) was selected to participate in Empowering Families, Third Sector's national cohort of communities working to improve outcomes for children and families. This cohort is supported by a 2016 Social Innovation Fund (SIF) grant*. Through this cohort, Third Sector, along with Actionable Intelligence for Social Policy (AISP), will provide sites with two years of technical assistance (TA) to develop both Integrated Data Systems (IDS) and an outcomes-oriented contracting approach.

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Speaking of success by learning English (Lowell Sun)

On Monday, the city launched a new Pay for Success Project. The English for Advancement program will provide language training and job placement for limited English speakers in Lowell seeking to advance their careers.

The workforce development program is a partnership between the city, state, Coalition for a Better Acre, Cambodian Mutual Assistance Association, International Institute of New England, and Jewish Vocational Service.

Yun-Ju Choi, executive director of the Coalition for a Better Acre, said they're thrilled to be part of bringing this project to the city, which has a long and celebrated history of immigration.

"Our goal is to help families in the Acre become economically self-sufficient, and workforce development is a huge component to get there," Choi said.

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RCTs as an ethical evaluation choice in pay for success (Urban Institute)

In a randomized controlled trial (RCT), eligible people are randomly assigned to either the treatment or control group. While the treatment group receives program services, the control group will receive status quo services or none at all. In theory, proper randomization creates similar treatment and control groups. Assuming that the evaluation is properly designed and implemented, any significant difference in outcomes between the groups is taken to be caused by program services.

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Four Mass. Nonprofits Launch Pay-for-Success Program (Mass Nonprofit News)

March 19, 2018 — A consortium of four Massachusetts nonprofits today announced the launch of a pay-for-success, workforce development program that aims to provide language training and job placement for limited English speakers in Lowell seeking to advance their careers.

This is the third pay-for-success (PFS) initiative launched in Massachusetts, and the first PFS project in the nation to focus exclusively on workforce development. Its goal is to increase access to workforce development services, including vocational training, English language classes, job search assistance, and college-transitioning programming for approximately 2,000 adults over three years.

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Denver sold bonds to reduce the human and financial costs of homelessness. The results so far are promising. (The Denver Post)

They found Robert Bischoff by sharing his photo with a Sinclair gas station clerk who often sold him cigarettes.

They met Alexander Jacob after sending his mom a letter, even though he almost didn’t respond because he figured it was “trash mail.”

The two men and more than 250 more people — all homeless and high-frequency users of jail, detox and emergency departments at taxpayer expense — have been tracked down by Colorado Coalition for the Homeless and Mental Health Center of Denver outreach workers and given apartments through Denver’s social-impact bond program. About two years into the five-year program, researchers have noted a dramatic drop in jail days.

It’s part of the “housing first” model, meaning the first step is providing housing in the hopes that substance-abuse and mental-health treatment will follow.

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Proposed state bill would aid bids for big sports events (Crain's Cleveland Business)

The bill was introduced in February. On March 13, Greenspan told the House Government Accountability and Oversight Committee that bringing the NFL draft to Northeast Ohio would cost around $3 million while generating around $90 million in economic impact. He said the proposed program, called Major Sporting Event Grant Program, only would fund events that generated more than $250,000 in incremental state sales tax growth, as measured by the two-week period surrounding the event.

"We're promoting this as a pay-for-success program," Greenspan said in a telephone interview. "We remove the uncertainty of getting local funding because this bill would put a permanent vehicle in place."

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Investing in Poverty Reduction (Project Syndicate)

BERKELEY – The tax legislation that US President Donald Trump signed into law last December will dramatically increase inequality and the federal budget deficit. Yet, hidden within it – and within budget legislation enacted in February – are two promising programs for helping state and local governments address the needs of disadvantaged Americans.

The new tax law creates generous incentives to encourage private investment in distressed urban and rural areas; and a provision in the budget package will establish a competitive grant program to help states fund “pay-for-success” contracts. Both ideas have their roots in the Democratic administrations of Presidents Bill Clinton and Barack Obama; but they attracted congressional Republican support because they empower state and local governments, rely on public-private partnerships, and encourage rigorous impact assessments.

The provisions in the tax law to encourage private investment in impoverished areas center on the creation of “Opportunity Zones” (a term coined more than 30 years ago by New York Governor Mario Cuomo). The OZ program grants US governors the authority to designate up to 25% of low-income census tracts – those with an individual poverty rate of 20% or higher, and median family income below 80% of the state or territorial average – as OZs.

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What does it mean to "scale" in pay for success? (Urban Institute)

In pay for success (PFS), we often speak of “scaling” a proven intervention. Government officials, investors, and philanthropies widely cite scaling as a key reason for investing in and supporting PFS projects. But what does scaling look like in practice? Usually, scaling is thought of as increasing the number of people served, but in this blog we think about  scaling the impact of a program, which goes beyond simply serving more people. With this new frame, there are four ways PFS can scale: expansion, replication, adaptation, and diffusion. With its different pathways to helping more people, scaling can bring evidence based practices to communities that can benefit from them.

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