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As a proud recipient of an award from the Corporation for National and Community Service, Green & Healthy Homes Initiative is launching a new round of developmental support for Pay for Success (PFS) projects beginning fall 2018. GHHI will provide $50,000 cash subgrants and pro bono technical assistance services to up to five projects over twelve months. Projects should address the social determinants of health in low-income communities, with a priority given to projects that address asthma and healthy homes issues.
This competition will seek eligible applicants that come from partners, service providers or jurisdictions in communities that previously benefitted from a CNCS-supported network of PFS investments as well as communities where the federal funds could accelerate the developmental readiness of their PFS pipeline.
GHHI will offer technical assistance for developmental support in the following areas:
Payment mechanism analysis
Service delivery model support
Capital raising and transaction structuring
Monday, June 11: Release RFP
Friday, June 15: Webinar #1 for potential applicants
Friday, June 22: Letters of intent to apply due (optional, but recommended)
Monday, June 25: Webinar #2 for potential applicants
Monday, July 23 by 8:00pm Eastern Time: Applications due
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.
If you would like to learn more about GHHI's PFS work, please contact us at firstname.lastname@example.org.
Learn more about the funders of GHHI's PFS work: