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Pay for Success (PFS) financing models are cross-sector partnerships in which private investors pay upfront for a social service and then a government, healthcare, or other back-end payer repays the investment if, and only if, predetermined outcomes are met. Learn more about PFS.
Through its social innovation financing work, GHHI is fostering high quality evidence-based models that efficiently connect funding to meaningful health, economic, and social outcomes in order to advance health equity for people in low-income communities.
GHHI is currently leading a cohort of 11 asthma-focused PFS projects with healthcare, service provider, and government partners in jurisdictions across the country. GHHI is a service provider for a PFS project with Johns Hopkins Health System that is currently in transaction structuring phase in Baltimore. In September 2016, GHHI completed five PFS feasibility studies funded by the Corporation for National and Community Services’ Social Innovation Fund. Five additional PFS feasibility studies, funded by the Robert Wood Johnson Foundation, are underway. Also, GHHI recently received another grant from the CNCS Social Innovation Fund to expand its technical assistance in 2017 to advance PFS projects that address the social determinants of health.
(REQUEST FOR PROPOSALS CLOSED)
As a proud recipient of a grant from the Corporation for National and Community Service’s Social Innovation Fund (SIF), Green & Healthy Homes Initiative will provide developmental support to SIF-funded Pay for Success (PFS) projects. We will provide cash subgrants and pro bono technical assistance services to projects that address the social determinants of health in low-income communities.
We will select up to five PFS projects to participate as subrecipients in a cohort over the course of 12 months. Green & Healthy Homes Initiative (GHHI) will select PFS projects funded by the SIF that are in any phase of development and meet other eligibility criteria outlined in the RFP. The combined value of cash and technical assistance services (federal and match share) will be between $250,000 and $430,000 for each project.
Powered by the Social Innovation Fund (SIF)
The mission of the Corporation for National and Community Service (CNCS) is to improve lives, strengthen communities, and foster civic engagement through service and volunteering. Through SIF, CNCS has augmented its traditional activities with an enhanced focus on identifying and growing innovative, evidence-based approaches to our nation’s challenges.
If you would like to learn more about GHHI's PFS work, please contact us at email@example.com.
Learn more about the funders of GHHI's PFS work: