NFF Invests in the Connecticut Family Stability Pay for Success Project
Nonprofit Finance Fund (NFF) joins several partners as an investor in a Pay for Success (PFS) project that will bring intensive, in-home services to hundreds of Connecticut families in need of parenting and recovery support. The Connecticut Department of Children and Families (DCF), Family-Based Recovery Services at the Yale Child Study Center, and Social Finance, Inc. have launched The Connecticut Family Stability Pay for Success Project to promote family stability and reduce parental substance use for DCF-involved families. NFF’s $385,255 investment is part of $11.2 million in financing that will expand proven services to approximately 500 families over four and a half years.
To learn more, read the project launch announcement.
Investments in PFS are part of NFF's work to support the shift to an outcomes-oriented social sector, where service providers, governments, and funders act more effectively in concert toward shared goals.
For more information about Pay for Success and other outcomes-based approaches to addressing critical issues:
- Review NFF's report on the First Generation of Pay for Success projects
- Learn about NFF's partnership with the San Francisco Federal Reserve to explore outcomes-based funding
- Visit NFF's Pay for Success online learning hub for information ranging from 101 introductions to detailed stakeholder resources
NFF's investment is drawn from a Community Development Financial Institutions (CDFI) Fund award that NFF targeted to support Pay for Success projects. Over the past 2 years, NFF has invested $1.145 million in PFS projects to address issues including homelessness and child welfare.