Treasury Offers Millions for Projects That Pay Off
Published Date: 11/12/2026
Notice
Summary
The U.S. Treasury is offering up to $11.8 million to state and local governments for social projects that pay only if they deliver real results. Governments have five months to apply, and winners must finalize plans within nine months after getting the award. This funding supports projects that improve communities and includes extra money to cover independent evaluations, making sure the outcomes really count.
Analyzed Economic Effects
9 provisions identified: 5 benefits, 4 costs, 0 mixed.
Federal grants: up to $11.8 million available
The Department of the Treasury is making up to $11.8 million available under this notice: about $10.2 million for competitive project grants and up to approximately $1.6 million to pay for independent evaluations. Treasury may revise the total amount if additional SIPPRA funds become available during the application period.
Evaluation costs covered up to 15%
State and local governments receiving project grants may get a separate grant for up to 15 percent of the project grant amount to pay for the independent evaluation; Treasury expects up to about $1.6 million to be available for these evaluation costs and will pay evaluation awards regardless of whether project outcomes are met.
Applicants must front non‑federal funds
Applicants must use non-federal funds to cover the initial costs of the project; under the pay-for-results model the federal government will make an outcome payment only if an independent evaluator determines the agreed outcomes were achieved, and any federal outcome payment cannot exceed the estimated value to the federal government over a period of no more than ten years from the start of the project.
At least half of federal payments must help children
The SIPPRA statute requires that not less than 50 percent of all Federal payments under SIPPRA shall be used for initiatives that directly benefit children. Treasury has met this requirement in prior rounds and will collect information to ensure compliance for this NOFO.
Who can apply: only governments and tribes
Only States (including DC), each commonwealth, territory, or possession of the United States, federally recognized Indian tribes, and local governments are eligible to apply; applications from any other entity will not be reviewed. There is no cost sharing required.
Deadlines: 5‑month application window and award timelines
Applicants have five months to submit an application; Treasury intends to make award decisions no later than six months after applications are received. After receiving a Notice of Award, awardees must finalize the project plan, partnership agreements, evaluation design, and outcome valuation within nine months of the Notice of Award.
Budget Impact Analysis (BIA) required for valuation
Applicants must use Budget Impact Analysis (BIA) as the outcome valuation methodology to estimate federal spending changes and revenue effects; the valuation period may extend no more than ten years from the start of the intervention, and Treasury will pay no more than the estimated value to the federal government.
Evaluation rigor and 80% statistical threshold
Evaluations must use rigorous methods (randomized controlled trials or approved quasi-experimental designs) and demonstrate statistical significance using an 80 percent confidence interval for SIPPRA results; Treasury will accept classical or appropriate Bayesian approaches with additional requirements for Bayesian priors.
Priority consideration for workforce development projects
Though SIPPRA lists many eligible project types, Applicants proposing workforce development projects will be given particular consideration under this NOFO; examples of workforce outcomes listed include increasing work and earnings for those unemployed more than six months, increasing employment for people aged 16–24, and increasing employment among individuals receiving Federal disability benefits.
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