Agency: HUD; Program: Pay for Success Permanent Supportive Housing Demonstration (CFDA Number: 14.273) (Funding Opportunity Number: FR-5900-N-26); Eligibility: Nonprofits (projects which focus on families with children are encouraged to apply); Funding: $8.7 million for six awards (no match required); Deadline: Feb. 12.
Summary: DOJ and HUD are partnering to advance Pay for Success (PFS), one promising model for financing services that can attract additional, non-traditional sources of funding. These grants support public-private arrangements that enable a government to test or expand innovative programs while paying only for those that achieve agreed-upon target outcomes. Specifically, the purpose of this PFS demonstration is to strengthen communities’ ability to prevent and end homelessness and reduce avoidable incarceration. The PFS Demonstration is an opportunity to equip communities with a new financing mechanism for funding PSH projects that will prevent returns to homelessness and reduce recidivism among the reentry population.