Social Impact Partnerships to Pay for Results Act (SIPPRA) Projects
Closed Posted
- Opportunity number
- UST-SIPPRA-2024-002
- Agency
-
Department of the Treasury
- Applications due
- Award size
- Up to $10,000,000
Opportunity facts
- Assistance listings
- Funding instrument
- Grant
- Categories
-
- Environment
- Health
- Housing
- Income Security and Social Services
- Eligible applicants
-
- Tribal Governments (Federally Recognized)
- Higher Education Inst. (Public)
- Public or Indian Housing Auth.
- State Governments
- County Governments
- Special District Governments
- City/Township Governments
- Full announcement
Opportunity details come from Grants.gov. Updated .
About this opportunity
The Department of the Treasury is seeking applications from state and local governments for competitive project grants under the Social Impact Partnerships to Pay for Results Act program. This program aims to improve outcomes in the areas of employment, education, health, and family stability for children through social programs that utilize an independent evaluator. To receive outcome payments of up to 10 years following implementation, grantees must achieve predetermined performance metrics according to the independent evaluation. A minimum of 50% of awarded funds must benefit children. State and local governments can apply for up to $40.9 million in funding for social programs and receive up to 15% of their award in advance for the required independent evaluation, which will be paid regardless of performance. Applications are due April 15, 2024 and awards will be issued by October 2024 following a multi-step review process.
Treasury expects to award approximately $40.9 million for social programs and $6.1 million for related independent evaluation costs. Funded programs will be administered by the Department of the Treasury or other agencies with relevant expertise and are expected to provide services in locations where state and local government applicants are based in order to directly benefit the families and individuals served.
Synopsis
Reduction in number of expected awards from 10 to 6. -
The Department of the Treasury (Treasury) is issuing this Notice of Funding Availability (NOFA) to invite applications from State and local governments for awards under the Social Impact Partnerships to Pay for Results Act (the "Act"). An award recipient will receive payment if a specified outcome of the social impact partnership project is achieved as determined by the project's independent evaluator. The payment to the Awardee must be less than or equal to the value of the outcome to the federal government over a period not exceeding ten years from the date implementation commences. Awards made under this NOFA will be administered by Treasury or by another federal agency with expertise in the social benefits addressed in the proposed project. Treasury expects to award up to approximately $40.9 million in such competitive project grants under this NOFA. Treasury will prioritize projects that directly benefit children in order to meet the statutory threshold that 50 percent of awarded funds be used on awards that directly benefit children. In addition, State and local governments receiving project grants will be eligible to receive a grant for up to 15 percent of the project grant amount to pay for all or a portion of the cost of a statutorily required independent evaluation, which will be paid regardless of whether outcomes have been met. Treasury expects up to approximately $6.1 million to be available to pay for the costs of independent evaluations under this NOFA.
Files
| File | Type | Posted |
|---|---|---|
| SIPPRA-NOFA 2024.pdf |
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