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20 <br /> Orange CounEy AFFORDABLE HOUSING STRATEGIC PLAN 2016 -2020 <br /> BOCC Work _ n September 8, 2016 <br /> have histories of homelessness and high levels of need. The Richmond-based non-profit organization is one <br /> of four grant recipients nationwide. <br /> • Pay for Success financing and contracting is a promising model for governments to partner with the private <br /> sector to fund evidence-based solutions. It leverages philanthropic and private dollars to fund services up <br /> front, and governments or other entities provide reimbursements to the funders after initiatives generate <br /> verified results. This strategy has gained strong bi-partisan support in Congress for its ability to increase <br /> return on taxpayer dollars while improving the quality of services provided in communities. <br /> • "Virginia Supportive Housing has proven that providing affordable housing and supportive services to <br /> individuals who experience chronic homelessness is more cost-effective than having them consume a wide <br /> array of public services while they are experiencing homelessness." <br /> • In fact, one individual experiencing homelessness can cost a community $40,000 a year or more by <br /> consuming public services that are not delivered in a coordinated manner, whereas supportive housing <br /> costs about $15,000. <br /> • VSH's delivery of supportive housing is proven to be very effective: 95% of those it serves do not return to <br /> homelessness. <br /> • "Pay for Success can boost our efforts to scale these evidence-based practices through collaborations <br /> between public, private and nonprofit sectors." "The financial and technical support from the grant will help <br /> develop a more outcomes-focused model to pay for the services provided in the Richmond area while saving <br /> public dollars." <br /> • Specific Focus on Recidivism <br /> In Richmond, a small group of individuals play a significant role in the escalating costs for correctional <br /> services and other emergency systems. These frequent users have complex needs and ricochet between <br /> incarceration, hospitalization, detoxification services and homelessness. <br /> • VSH is currently serving individuals who are being released from the Richmond Justice Center, helping <br /> them to secure housing and providing supportive services in an effort to reduce recidivism. The grant will <br /> help to explore an expansion of serving a targeted population of individuals who have had contact with jails <br /> and hospitals more than four times over five years with at least one stay in a jail or hospital in the last year. <br /> • VSH and its partners will have up to 18 months to develop and determine the feasibility of a Pay for <br /> Success model that would enable it to scale and fund services that help to reduce recidivism and hospital <br /> usage, thus reducing public costs. <br /> 18 <br />