Summary
The Department of the Treasury has published a Notice of Funding Availability (NOFA) soliciting applications from state and local governments for Social Impact Partnerships to Pay for Results Act Demonstration Projects. The grant program, which was created in 2018 by the Bipartisan Budget Act (BBA), reimagines the prevailing structure of federal grants by providing funding to grantees only upon the successful completion of projects that meet target outcomes, as determined by an independent evaluator. This Issue Brief provides background on Social Impact Partnerships and information on the funding announcement.