Tag: third sector

UWATX Selected to Assess Feasibility of Pay for Success

United Way for Greater Austin, in partnership with the Austin/Travis County Health and Human Services Dept. and Veterans Service, Central Health and Greenlights, has been elected as part of a national competition to assess the feasibility of implementing a “Pay for Success” initiative. The goal of the initiative is to reduce teen pregnancies among Hispanic youth and to improve birth outcomes among African Americans. Pay for Success (PFS) is an innovative funding model that enables communities to access greater resources in order to tackle complex social problems by tapping private investments for the upfront costs of the programs. If the programs are successful in delivering services that measurably improve the lives of people it is meant to serve, then the government repays those who made the original investment. This ensures that taxpayer dollars are being spent only on social programs that actually deliver measurable results.   Austin/Travis County was chosen among six other U.S. cities who submitted applications to Third Sector Capital Partners, Inc., the organization conducting the contest. Awardees will receive federally-funded technical assistance throughout 2015 for their various early childhood and youth development projects. The Austin/Travis County nonprofits and government entities involved were selected for their demonstrated commitment to funding high-quality, effective social interventions that produce real outcomes in the area of early childhood and youth development.  The Austin/Travis County feasibility study will result in an assessment of two initiatives—Maternal Infant Outreach Program (MIOP) and Peer-to-Peer Teen Pregnancy Prevention and Empowerment Program (P2P)—to determine if Pay for Success should be implemented […]

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