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Funding Announced for Social Impact Partnerships: What Counties Need to Know

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Local and state governments can now apply for federal grant funding for social service programs achieving measurable results under Social Impact Partnerships to Pay for Results Act, or SIPPRA.  The U.S. Department of Treasury announced the first SIPPRA Notice of Funding Availability on February 14, marking a key milestone in the “pay for results” investing trend.   

KEY TAKEAWAYS
  • U.S. Department of Treasury announced $66,290,000 in competitive social impact project grant funding and up to $9,940,000 to pay for independent evaluators.
  • NACo and its partners will help counties understand how to access this new federal funding stream at a workshop during Legislative Conference and through other online resources.

Learn more about eligible outcomes, evaluation requirements, and funding allocations for outcomes and evaluations from NACo’s partners from Urban Institute, Maycomb Capital and others during an interactive workshop on Monday, March 4 entitled, “Making Sense of New Federal Funding Tools.” This workshop will be available to registrants of NACo’s 2019 Legislative Conference.

Access more information and resources from our partners, including: 

From the Urban Institute:

  • Learn about federal funding opportunities for pay for success projects during Urban’s webinar on Thursday, February 28 at 1:00. The Urban team will review key takeaways from the SIPPRA notice and answer your outstanding questions about “pay for success.”
  • Explore tools, resources and frequently asked questions via Urban’s blog series.

From Maycomb Capital:

  • Maycomb Capital leadership has been engaged in conversations with lawmakers and the U.S. Treasury as they were crafting SIPPRA and the NOFA for the Act.
  • The Fund’s Managing Partner looks forward to a dialogue about the Act with county leaders on March 4.
  • Maycomb Capital’s Community Outcomes Fund is a dedicated pool of private capital for investment in outcomes-financing projects, also known as pay-for-success.

NACo will continue to provide information and support to counties interested in pursuing SIPPRA funding, with a county-specific webinar to be made available later in March.

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