# 2026-22989: Treasury Offers Millions for Projects That Pay Off 2026-22989, FY27 Social Impact Partnerships To Pay for Results Act Notice of Funding Opportunity, is a Federal Register notice from Treasury Department published 2026-11-12, effective Applicants have five months to submit an application; Treasury intends to make an award decision no later than six months after applications are received; awardees must complete final project documents within nine months of receiving the Notice of Award; the period of performance must end by September 2032; valuation periods may extend up to ten years from the start of the project.; PRIA reads it as touching household money (as of 2026-11-12). - Canonical: https://policyrisk.com/federal-register/2026-22989 - As of: 2026-11-12 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Document number: 2026-22989 - Title: FY27 Social Impact Partnerships To Pay for Results Act Notice of Funding Opportunity - Type: Notice - Agencies: Treasury Department - Citation: 91 FR 72959 - Published: 2026-11-12 - Effective: Applicants have five months to submit an application; Treasury intends to make an award decision no later than six months after applications are received; awardees must complete final project documents within nine months of receiving the Notice of Award; the period of performance must end by September 2032; valuation periods may extend up to ten years from the start of the project. - Comments close: not stated - Significant: no - Touches household money: yes - Regulation identifier numbers: none - Last updated: 2026-11-12 ## In one line Treasury Offers Millions for Projects That Pay Off ## 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. ## Abstract Provide an evaluation design plan summary by following the following guidelines. Limit this to 3 pages or fewer. The summary should provide information demonstrating that the proposed evaluation will be designed to determine whether the outcomes were achieved as a result of the intervention. The summary must address the following six topics: i. Outcome metrics and data sources. Identify the outcome metric or metrics that will be used to determine whether the project achieved its outcome goals. For each metric, identify the data source, data owner, expected outcome target or payment threshold, and why the metric is an independent, objective indicator of impact that is not subject to manipulation by the service provider, intermediary, investors, or other project partners. ii. Evaluation design and comparison group. Identify the proposed evaluation design, such as a randomized controlled trial, regression discontinuity design, difference-in-differences design, matched comparison design, or another rigorous methodology. Describe the treatment group, the control or comparison group, how each group will be formed, and the expected difference in services received by each group. Briefly explain how the design will support causal conclusions. iii. Randomization feasibility. State whether random assignment is feasible. If random assignment is feasible, briefly describe how it would occur. If random assignment is not feasible, explain why and identify the strongest feasible alternative evaluation method. iv. Preliminary power calculation. Provide a preliminary power calculation for each primary outcome or payment metric. Identify the expected treatment and control or comparison group sizes, the expected effect the intervention is designed to achieve, and whether the proposed sample is large enough to detect that effect. Briefly state the main assumptions that affect the calculation, such as attrition, missing data, take-up, clustering, or repeated observations. v. Data access. Identify the data needed to conduct the evaluation, including data needed to measure outcomes, construct the treatment and control or comparison groups, and assess baseline characteristics. State the status of access to each major data source, including whether data-use agreements, memoranda of understanding, consent forms, or other approvals are in place or will be needed. If federal administrative data are required, identify the federal data source, expected access pathway, and any known gaps or risks. vi. Main risks to the evaluation. Identify the most important risks to the evaluation's ability to produce credible causal estimates, such as insufficient sample size, missing data, attrition, weak service contrast, contamination, changes in policy or service availability, implementation challenges, or inability to access required data. Briefly describe how the Applicant and independent evaluator expect to mitigate these risks. At the application stage, Applicants are not required to provide final regression equations, final covariate specifications, minimum detectable impact estimates, final hypothesis testing procedures, or a full implementation evaluation protocol. If selected for an award, the Awardee must submit a full Evaluation Design Plan after award, in the form and timeline required by Treasury. See Appendix III for a description of what will be required in the final evaluation design plan. (5) Independent evaluator qualifications: Provide a summary explaining the independence of the evaluator from the other entities involved in the project and the evaluator's experience in conducting rigorous evaluations of program effectiveness including, where available, well-implemented RCTs and quasi-experimental analyses on the intervention or similar interventions. When discussing experience, please note both personnel and organization experience. Applicants must address the following qualifications of the evaluator. Please limit this to 3 pages or fewer. i. Experience working with the datasets the project expects to use; ii. Prior work in conducting implementation and causal impact evaluation and how their past methodologies and evaluation design experience will be used in the proposed project. Please provide examples of evaluations that they have completed of similar size, scope and complexity; iii. Qualifications of the key personnel designing and overseeing the evaluation and ensuring its quality, including their education or training and type and years of experience; iv. Experience in managing similar evaluation protocols (e.g., type of sampling, data collection, analysis); and v. Experience dealing with unforeseen data or implementation issues in other program evaluations. Provide specific examples and experiences dealing with unforeseen data or implementation issues. (6) Independent evaluator contract or agreement. Provide a copy of the contract or agreement to be entered into between the State or local government and the independent evaluator. The contract or agreement must address the following information. i. Plan to obtain relevant datasets from various sources, for example, local agencies, state agencies, or other federal agencies, including the responsibilities of the grantee and evaluator in accomplishing this task; ii. Design and coding of a management information system, as needed, that is tailored for research or evaluation, to track participants and/or to obtain individual level data; iii. Collection or assessment of individual-level data. The independent evaluator must work directly with the Applicant and other organizations to enter into one or more agreements for the access and use of the data. These agreements must include assuring data quality and adherence to all federal and state data privacy statutes and policies and to all applicable data security standards; iv. Institutional Review Board (IRB) approval or a plan to get IRB approval to ensure the protection of human subjects, to the extent applicable; and v. Submission of progress reports to Treasury, the Interagency Council, and the head of the relevant agency in accordance with the reporting requirements described in Section 8.B.b, Evaluation Progress Reports and Section 8.B.c, Evaluation Final Report. vi. A payment plan that details the annual payment schedule that aligns with the other requirements of the independent evaluator. The selection of an independent evaluator is subject to the procurement requirements of the Uniform Guidance, including those related to competitive procurement.\11\ --------------------------------------------------------------------------- ## Effects PRIA read - Federal grants: up to $11.8 million available: benefit, medium. 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 duri… - Who can apply: only governments and tribes: benefit, low. 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. - Evaluation costs covered up to 15%: benefit, medium. 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 whe… - Deadlines: 5‑month application window and award timelines: cost, low. 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 withi… - Applicants must front non‑federal funds: cost, medium. 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 estim… - At least half of federal payments must help children: benefit, medium. 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. - Budget Impact Analysis (BIA) required for valuation: cost, low. 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 fe… - Evaluation rigor and 80% statistical threshold: cost, low. 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 requirem… - Priority consideration for workforce development projects: benefit, low. 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 fo… ## Related documents - [2026-22809](https://policyrisk.com/federal-register/2026-22809): Threshold for the Requirement To Collect, Retain, and Transmit Information on Funds Transfers and Transmittals of Funds That Begin or End O…, 2026-11-09 - [2026-21786](https://policyrisk.com/federal-register/2026-21786): Outbound Investment Security Program Regulations, 2026-10-26 - [2026-21706](https://policyrisk.com/federal-register/2026-21706): Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject…, 2026-10-23 - [2026-21675](https://policyrisk.com/federal-register/2026-21675): 21st Century ROAD to Housing Act Prohibition on Large Institutional Investor Purchases of Single-Family Homes, 2026-10-23 - [2026-20447](https://policyrisk.com/federal-register/2026-20447): Transparency in Coverage, 2026-10-06 - [2026-20430](https://policyrisk.com/federal-register/2026-20430): Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal, 2026-10-06 ## Sources - [2026-22989 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/12/2026-22989/fy27-social-impact-partnerships-to-pay-for-results-act-notice-of-funding-opportunity) - [2026-22989 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-12/pdf/2026-22989.pdf) ## Related - [Previous: 2026-22988, Notice of Intended Repatriation: University of Illinois Urbana-Champaign, Champ…](https://policyrisk.com/federal-register/2026-22988) - [Next: 2026-22990, Notice of Inventory Completion: Indiana State University, Terre Haute, IN](https://policyrisk.com/federal-register/2026-22990) - [All Federal Register documents](https://policyrisk.com/federal-register) Source: PRIA, https://policyrisk.com/federal-register/2026-22989 (as of 2026-11-12).