Enterprise Community Partners

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Contact Information

70 Corporate Center
11000 Broken Land Pkwy Ste 700
Columbia, MD 21044 - 3535
(303) 376-5405
Social Innovation Fund 2012

Executive Summary

Enterprise Community Partners, Inc., (Enterprise) is requesting a $1,000,000 grant from the Corporation for National and Community Service through its Social Innovation Fund (SIF) to underwrite sub recipient grants and programmatic cost of our Socially Aligned Value Investment (SAVI). A key component of the SAVI effort is partnerships with the public sector in which a commitment is made to pay for improved social outcomes that result in public sector savings. If the program does not meet the metrics that the public sector seeks, then government does not pay and the private capital used to pay for up front costs takes the loss. This effort addresses CNCS/SIF 2012 Healthy Futures priority by empowering sub grantees to create significant, measurable improvements in the quality of life of seniors. This innovative pay-for-success model blends private capital with best practice social services anchored in housing. Enterprise is seeking funding from SIF to identify, attract and support the innovative programmatic interventions that will enable our nations' frail elderly population to have a higher quality of life while saving states from expending vast sums on reactive solutions to preventable, adverse events. Enterprise is proposing a Healthy Futures Social Innovation Fund grant to test and implement SAVI, matching private capital with a high impact intervention that meets the desired outcomes government is seeking and is willing to pay for. The expected public sector savings are used as a basis for raising private investment for prevention and early intervention services that improve social outcomes. SAVI utilizes pay-for-success contracts to better serve low-income, frail elderly populations living in subsidized housing and to use scarce public resources more efficiently. SAVI will expand resources available to fund both physical improvements to seniors' apartments and ensure quality of essential services to help seniors to age in place. This is critical given the growing demand for affordable housing with services for seniors and the decline in public resources. When resourced through SAVI, affordable housing properties have the potential to be a platform for both quality affordable housing and delivery of important services including healthcare enriched, technology enabled homes, with hubs for support to their communities. Specific long-term measureable and verifiable outcomes will include: better designed apartments that address the needs of seniors; higher utilization of the social and health services correlated to higher standard of independent living; significant reductions in emergency room visits, hospitalizations, 30-day re-hospitalizations and nursing home admissions; and a new catalytic financing mechanism for senior housing with services that attracts private investment. Enterprise is currently working to pilot SAVI with two program intervention partners in two states: Vermont and New York. With additional funding, we anticipate adding eight program intervention partners (sub grantees) throughout the country. We will conduct a national search for intervention partners demonstrating best practices in program models, utilizing existing networks through national partnerships, relationships and a national request for proposals (RFPs). Enterprise is a national nonprofit organization that creates opportunity for low- and moderate- income people through affordable housing in diverse, thriving communities. As an existing grant-making institution funded primarily through HUD's Section 4 Capacity Building for Community Development Affordable Housing Program, Enterprise ensures that community-based organizations have adequate financial and technical resources that enable them to meet outcome targets, to create and sustain jobs, to increase affordable housing production and to preserve the vitality and affordability of existing housing developments nationwide. Since 1993, Enterprise has distributed over $82 million in grants to more than 1,200 community-based organizations across the country. If funded, the annual grant period will begin on September 30, 2012. To meet the pre-application match $500,000, Enterprise presents unrestricted funds. Our theory of change is described through: assumptions and context, approach, outcomes and social change. The assumptions and context are that the number of low-income seniors and specifically the number of low-income, frail seniors in the US will continue to rise rapidly

Award Information

Application ID: 12SI138353
CNCS Award Amount:
$0.00
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