The City and County of Denver has been awarded Social Impact Partnership to Pay for Results Act (SIPPRA) Project grant funds to address homelessness and housing insecurity.
Authorities indicated the Department of the Treasury allocation would result in $5,512,000 in SIPPRA Project funds, in addition to a SIPPRA Independent Evaluator grant in the amount of $826,800 for the Housing to Health (H2H) program. H2H is a permanent supportive housing program that seeks to reduce homelessness and increase housing stability.
“This investment will allow more Denver residents, who are experiencing homelessness, to receive basic housing and health services, which will make a substantial difference in the lives of these individuals and provide benefits to the whole community,” Secretary of the Treasury Janet L. Yellen said. “Homelessness and housing insecurity are one of the most significant challenges that a person or family can face. The Treasury Department will continue to work with communities across the country as they seek to address this challenge and provide opportunities to those at-risk of being homeless.”
Per officials, SIPPRA provides funding for state and local governments to execute pay-for-results social impact partnership projects targeting varied social issues that include increasing employment; improving family health and housing; and reducing recidivism.
“We’re honored that Denver has been selected as the first city to tackle the complicated issue of homelessness through a Social Impact Partnerships to Pay for Results Act award from the U.S. Treasury Department,” Denver Mayor Michael B. Hancock said. “Through our previous work, we housed more than 250 people experiencing homelessness who were frequently interacting with police, our jails and emergency care, and we proved that when housed and wrapped with services, people encountered the criminal justice system less often and dramatically increased their use of preventative medical care.”