By Nonprofit Finance Fund
In what some are dubbing “National Pay for Success Day,” yesterday, February 16th, we saw three Pay for Success (PFS) projects launched. The projects differ in geographies and issues areas, but all focus on addressing pervasive and complex issues. They bring services to people who need them most, from low-income mothers and families struggling with substance abuse to chronically homeless individuals. To find out more about how these projects are working to catalyze social change and join a market discussion, see the links below.
- The Denver Social Impact Bond Program will provide permanent housing and supportive services to at least 250 chronically homeless individuals across Denver. The program aims to reduce jail bed days and increase housing stability for this population over the course of five years.
- South Carolina's Nurse-Family Partnership Project focuses on improving health outcomes for 3,200 low-income first-time mothers and their children. This PFS initiative will expand the Nurse-Family Partnership home-visiting program across South Carolina over the next six years.
- The Connecticut Family Stability Project will serve 500 families by expanding Family-Based Recovery – an intensive in-home parent-child attachment program for families with young children at risk for abuse and neglect, poor development outcomes, and removal from the home due to parental substance use – over the next four and a half years.
Not as familiar with Pay for Success? Learn more about this new approach to contracting to tie payments for service delivery to the achievement of measurable outcomes on our new Pay for Success 101. Find details on other launched PFS projects on our Projects page.