CDFI’s Play a Vital Role in Orienting Communities for PFS and Outcomes Contracting
As discussed in our first blog, the Pay for Success (PFS) field is evolving from initial Social Impact Bond-style projects launched by governments and supported by third-party (i.e., non-government) funding to agency and multi-agency engagements that shift the practice of how existing public funding streams are deployed for specific social programs. Across these projects, traditional cost-reimbursement service contracts are being amended or replaced to align funding, policy, data, and services together to the ultimate goal of achieving outcomes for our nation’s most vulnerable populations.