2017 Symposium Industry Report: Pay for Success

Appendix B: The PFS Process—Brief Step by Step

BEFORE 1.  Government selects desired intervention and contracts with Service Provider and Intermediary

DURING 2.  Impact Investors (institutional and philanthropic) provide upfront capital

3.  Intermediary gives Service Providers working capital 4.  Service Providers deliver contracted intervention 5.  Evaluator tracks and measures outcomes and costs

AFTER 6.  Evaluator determines success 7.  Government pays out contracted amount plus interest to Intermediary in event of success 8.  Intermediary pays return on investment to Impact Investors (and sometimes) Service Providers

Pay for Success & Affordable Housing | Stefano Rumi 55

nhpfoundation.org

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