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.

When job-seekers gain credentials and degrees, find employment or boost their earnings, use less public benefits, or escape the recidivism cycle, the mission of a local workforce board is being achieved.  For years, these outcomes have been aimed at, but not actually incentivized. Enter the Workforce Innovation and Opportunity Act (WIOA), which gives workforce boards [...]

This post originally appeared on the America Forward blog and is co-authored by Nicole Truhe, Government Affairs Director, America Forward. Third Sector Capital Partners is a proud member of the America Forward coalition.

Every day social innovators and social innovation organizations across the country are measurably impacting communities and individuals. This Practice to Policy blog series lifts up the voices of the more than 70 organizations that make up the America Forward Coalition and our broader social innovation network by highlighting their outcomes-based solutions to our country’s most pressing social problems and why

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.

At Third Sector, we primarily work with state and local

The data in front of us was sobering: 45% of adults, who received economic assistance under the Massachusetts Transitional Aid to Families with Dependent Children (TAFDC) program in January 2018, had grown up in families that also depended on TAFDC. “We have to do something different to break the cycle of intergenerational poverty,” Commissioner Jeff [...]

In late January, in the mountains of the Wasatch Valley, over 600 city, state, and local government leaders, social impact investors, service providers, academics, and thought leaders came together at the University of Utah to discuss solutions to some of the most intractable challenges facing the social service sector in the United States and internationally. This unique event is the annual Winter Innovation Summit, hosted by the Sorenson Impact Center in Salt Lake City, Utah, which offers a diverse array of panels and workshops featuring leaders who are moving the needle