The U.S. Department of Treasury has announced the first Notice of Funding Availability (NOFA) for the Social Impact Partnerships to Pay for Results Act (SIPPRA). SIPPRA’s new $100 million federal fund is available to states and local governments seeking funding for exceptional social service programs.
In this NOFA, the U.S. Department of Treasury has prioritized “shovel-ready” efforts and expects to award up to $66 Million to state and local governments. In this initial round of funding, there is also a priority for programs that directly benefit individuals under the age of 18 with up to $33 Million earmarked for children and family services.
Proposals are considered “shovel-ready” if they have an agreed-to outcomes contract from a state or local government, a completed evaluation plan to validate outcomes and federal cost savings, a completed baseline outcomes analysis for the eligible population, and signed MOUs or MOAs for integrated data sets to support outcome validation and program referrals. SIPPRA outcome payments will only be disbursed for up to the federal cost savings achieved through the program’s outcomes. Those outcomes results and federal cost savings will need to validated by an independent evaluator. Proposals do not need to rely on upfront, third-party financing/investments, meaning proposals for outcome contracts can be submitted. If applicants do not believe they meet the requirements of this NOFA, a second NOFA for Feasibility Study will be published later in 2019.