Also by Reinvestment Fund

TRF to Finance Pay For Success Project in Cuyahoga County

Project aims to measurably improve outcomes for children and families through access to quality housing and services

Philadelphia, December 10th – The Reinvestment Fund (TRF) announced today that it will provide financing for the nation’s first county-level Pay for Success (PFS) program which brings together the County of Cuyahoga, Ohio and FrontLine Service, a comprehensive continuum of care service provider for homeless persons in Ohio. The Partnering for Family Success Program (Program) is only the sixth PFS project in the country and the first to target child welfare as it relates to homelessness. The Program seeks to improve the lives of children and families by reducing the time children of homeless parents spend in foster care and accelerate the process of reconnecting the children with caregivers in stable, affordable housing.

“TRF has a long and successful history of using capital and information to advance innovative solutions to issues affecting low-income and vulnerable populations,” said Amanda High, Chief of Strategic Initiatives at TRF. “The PFS project in Ohio is a potential model for similar localized social service delivery programs around the country. We are excited to be part the collaborative effort to test this care model.”

TRF is providing senior financing for the project. Other financing comes from The George Gund Foundation, The Cleveland Foundation, Sisters of Charity Foundation of Cleveland, and Nonprofit Finance Fund. Partners in this collaborative effort include Case Western Reserve University, Enterprise Community Partners, Third Sector Capital Partners, Cuyahoga Metropolitan Housing Authority, Emerald Development and Economic Network, Inc. and Famicos Foundation.

This project focuses on homeless families with children placed in out-of-home foster care, a population segment which presents a unique challenge for Cuyahoga County’s child welfare agency and homelessness agency. The two agencies serving these families were not previously integrated in a way that allowed for the systematic identification of families who are experiencing homelessness and involvement in the child welfare system. The result was that children with homeless caregivers spent considerably more time in out-of-home foster care than children with housing secure caregivers. This extended time in the child welfare system has historically resulted in poor outcomes for the County’s most vulnerable families and led to higher costs to the County.

The Program aims to reduce out-of-home placement days spent by children of homeless families by 25% over a five-year period. The Program coordinates access to housing with interventions designed to stabilize the family and improve family functioning, with the aim of successfully reunifying families, or finding permanent placement for children when that outcome is not possible. The County and FrontLine Service will coordinate efforts with two homeless shelters for women, the Cuyahoga County Housing Authority, and two supplementary housing providers.

TRF’s participation in this PFS program builds from its extensive experience financing affordable housing and community services. TRF also has strong expertise in housing policy issues and analyzing inequities related to low-income and vulnerable populations. TRF recently provided $11 million in New Markets Tax Credit financing to the Drop Inn Center in Cincinnati to renovate a former bakery warehouse and brownfield into a new homeless shelter with increased services including on-site primary health care. As part of its ReFresh initiative, TRF is also working with the Finance Fund Capital Corporation in Ohio to expand its healthy food financing efforts to reach underserved communities across the state.

TRF also received assistance evaluating this Pay for Success program from Bennett Midland, a policy consulting firm, and legal counsel from Heidi Hansan of Miles & Stockbridge.

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About The Reinvestment Fund

TRF is a national leader in rebuilding America’s distressed towns and cities, through the innovative use of capital and information. TRF has invested $1.4 billion in mid-Atlantic communities since 1985. A Community Development Financial Institution, TRF finances a variety of projects and activities including food access, health care, education and housing, to build healthy communities in under-invested places. TRF also provides public policy expertise by helping clients create actionable solutions and by sharing data and analysis via www.PolicyMap.com. To learn more about TRF, visit www.trfund.com.

 

Program Information

 

Media Contacts

Kavita Vijayan, 215-574-5893, kavita.vijayan@trfund.com