Social Impact Partnerships to Pay for Results Act (SIPPRA) Projects

Active
No
Status
Posted
Published Date
February 12th, 2024
Close Date
April 15th, 2024
Total Funding
$47,000,000.00
Award Ceiling
$10,000,000.00
Expected No. Awards
6
Opportunity No.
UST-SIPPRA-2024-002

Agency

SIPPRA (USDOT-DO-SIPPRA)

Eligible Applicants

Public Housing Authorities/Indian Housing Authorities

Funding Category

Income Security and Social Services

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Summary

The Social Impact Partnerships to Pay for Results Act (SIPPRA) Projects grant opportunity is currently posted by the SIPPRA agency. This grant is a funding instrument type of grant and falls under the category of Income Security and Social Services. The grant does not require any cost sharing or matching requirement. The opportunity is discretionary and has a CFDA number of 21.017. The eligible applicants for this grant are Public Housing Authorities/Indian Housing Authorities. The close date for applications is April 15, 2024. The last updated date for this grant opportunity was February 12, 2024. The award ceiling for this grant is $10,000,000, and the estimated total program funding is $47,000,000. The expected number of awards to be given is 6. The purpose of this grant is to invite applications from State and local governments for awards under the Social Impact Partnerships to Pay for Results Act. The Act allows for payment to be made to an award recipient 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 of implementation. The Department of the Treasury will administer the awards made under this grant opportunity, or another federal agency with expertise in the social benefits addressed in the proposed project may administer the awards. The Treasury expects to award approximately $40.9 million in competitive project grants under this opportunity. Priority will be given to projects that directly benefit children, as 50 percent of awarded funds must be used on projects that directly benefit children. State and local governments receiving project grants will also be eligible to receive a grant for up to 15 percent of the project grant amount to pay for the cost of a statutorily required independent evaluation, regardless of whether outcomes have been met. Approximately $6.1 million is expected to be available for the costs of independent evaluations. For more information about this grant opportunity, please visit the SIPPRA website at https://home.treasury.gov/services/social-impact-partnerships/sippra-pay-for-results. If you have any questions, you can contact the SIPPRA Program Office at SIPPRA@Treasury.gov.

Description

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.

Contact Information

Attachments
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Opportunity Lifecycle

Title
Type
Grant