Initial Pay for Success (PFS) projects emphasized the selection of provider organizations with sufficient expertise and experience as well as an administrative capacity to support scale-up of adopted interventions. A number of questions emerge about readiness in PFS, which we begin to address in this brief.
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Pay for Success models bring together investors with local, state, and federal government agencies to fund and improve education, health, and social services. For the U.S. Department of Housing and Urban Development and the U.S. Department of Justice, AIR is testing a PFS model in Maryland to support people experiencing chronic homelessness in Montgomery and Prince George’s Counties.
16 Jun 2017
The Pay for Success (PFS) model, also known as the Social Impact Bonds model, is a relatively new way to finance improvements in persistent social problems. PFS brings together investors with local, state, and federal government agencies to fund and improve education, health, and social services. AIR is implementing this approach in many communities around the country.