Cross Sector is proud to partner with the OK Autism Center and Autism Center Foundation to facilitate development of a long-term plan. Story from KFOR’s Lacey Lett
FOR IMMEDIATE RELEASE
May 7, 2019
OKLAHOMA CITY—Oklahoma City-based Metafund and Cross Sector Innovations have announced they are partnering to launch the Oklahoma Impact Accelerator, a platform that will bring together a diverse group of investors from across the state to identify, develop and fund innovative projects with the potential to improve the lives of disadvantaged Oklahomans.
“This is a game changer in that the Accelerator will open new doors and allow us to tap into and support creative talent across our state,” said Ed Long, principal and founder of Cross Sector Innovations. “Oklahoma has a wealth of innovative ideas and a strong commitment to serving others. This venture makes it possible for new solutions to emerge that effectively meet the needs of our families, neighbors and communities.”
Multiple outcome areas will be targeted, including healthcare, employment, housing, food deserts, early childhood education, and criminal justice. Selected projects will receive technical assistance and flexible funding to implement programs addressing these issues.
The Accelerator may also serve as a private investor or facilitator in contracts with the state of Oklahoma through the Pay for Success Innovation Fund, which was created upon the signature of Governor Stitt on April 29. Pay for Success is an innovative financing mechanism designed to improve social outcomes while saving taxpayer dollars. In this model, the Accelerator could provide up-front funding to a social program with repayment from the state contingent on that program achieving pre-agreed-upon outcomes.
“The Oklahoma Impact Accelerator will continue the growth of impact investing in Oklahoma. It allows us to identify creative programs for addressing the social and economic issues we face and provide them with the resources needed to succeed,” said Blake Trippet, president of MetaFund. “It can be used to scale-up already proven programs and interventions, as well as test innovative new models of service delivery.”
The partnership is currently focused on securing private investment and plans to launch in the fall of 2019. For more information, contact Ed Long at 405.922.7580 or firstname.lastname@example.org
OKLAHOMA CITY— The Corporation for Supportive Housing (CSH) and Cross Sector Innovations (Cross Sector) have received funding from the Arnall Family Foundation (AFF) and the Corporation for National and Community Service (CNCS) to work with service providers, investors and state agencies to develop and implement a supportive housing demonstration for high-risk youth in Oklahoma.
“The Arnall Family Foundation is proud to partner with CSH and Cross Sector Innovations to bring innovative housing solutions for transition-age youth to Oklahoma,” said Sue Ann Arnall, president of AFF. “This population, which is often overlooked, will continue to struggle unless someone intervenes in their life and helps them get the support they need to be successful adults.”
Supportive housing is an innovative, evidence-based model that combines affordable housing with needed services to help individuals who face the most complex challenges live with stability and autonomy. Youth who are connected to supportive housing achieve rates of housing stability ranging from 43 percent to 80 percent. Participants are also more likely to achieve better outcomes related to education, employment, mental and physical health, and substance abuse.
The Oklahoma initiative will focus on youth ages 17 and older who are transitioning from state services such as juvenile affairs or child welfare and are at high risk of experiencing homelessness or future justice-involvement.
“What is so crucial is Cross Sector is committed to addressing the needs of our youth before they become adults trapped in downward spirals and endless cycles of despair,” said Deborah De Santis, CEO and President of CSH. “Through unique financing and the support of the Arnall Family Foundation and CNCS, at-risk youth will have a chance to find stability and recovery in a home of their own while also accessing the services that will place them on paths to a better future.”
CSH and Cross Sector plan to sustain the initiative using pay-for-success contracting—an innovative, outcomes-based approach in which private funders assume the risk by providing upfront capital, and the government provides funding only if pre-determined success measures are achieved. If the intervention is not successful, the government pays nothing.
“Pay-for-Success is an example of an innovative public-private partnership that can improve outcomes for our families, friends and neighbors while also reducing costs,” said Ed Long, Founder and Principal of Cross Sector. “Oklahoma has the potential to lead the nation in using social innovation to maximize impact and improve our national rankings across a variety of outcome areas. We are honored to partner with CSH, AFF and others on creative solutions.”
The initiative will focus on a number of outcomes for participants, including the degree to which participants maintain stable housing and therefore avoid costlier jail stays, incarceration, hospitalizations, or homelessness.
For more information, contact Ed Long at email@example.com.
OKLAHOMA CITY – The Oklahoma Department of Human Services (DHS) recently signed a contract with the Arnall Family Foundation to implement the state’s second Pay for Success program. Pay for Success, also known as a social impact bond, is a form of contracting in which private funders assume the risk by providing upfront capital to implement an evidence-based or promising intervention, and the government provides funding only if pre-determined success measures are achieved. If the intervention is not successful, the government pays nothing.
Through this contract, DHS will expand an in-home prevention program called Intensive Safety Services (ISS) that is designed to keep children safe in the home while their parents complete services instead of the children entering foster care. This program provides intensive services from a Master’s-level therapist to address parental needs that led to the abuse and/or neglect of their children.
“Our Child Welfare Services has focused efforts for the past several years on outcomes-based results such as the prevention of further abuse and neglect of children who come to our attention,” said Ed Lake, Director of DHS. “This Pay for Success partnership with the Arnall Foundation enables us to expand our ongoing efforts, reducing trauma to children and making a real difference in the lives and futures of the families we serve.”
The Arnall Family Foundation provided $142,220 to DHS to expand ISS in Oklahoma County. A minimum of 26 cases serving approximately 47 children must be initiated each year of the contract. The contract is expected to span three years which will ultimately serve 78 cases and approximately 140 children.
For each successful ISS case, a payment of $9,480 will be made by DHS to the Arnall Family Foundation until the original investment is repaid. A case is determined successful if the child or children in the family served by ISS have not been placed in foster care at 12 months post ISS engagement.
“We are excited to enter into this public-private partnership with DHS,” said Sue Ann Arnall, president of the Arnall Family Foundation. “We look forward to continuing to partner with the state in future Pay for Success programs that align public investment with outcomes-based services.”
Cross Sector Innovations, an Oklahoma-based company, served as an intermediary providing technical assistance and transaction structuring for the contract and continues to provide consultation throughout evaluation. “This model is a prime example of how innovative public-private partnerships can offer new solutions and promote investment of resources in ideas that work,” stated Ed Long, Founder and Principal of Cross Sector. “The Arnall Family Foundation and DHS are to be commended for their leadership. This approach illustrates that more is possible.”