Australian Finance : AFG partners with Foyer Foundation to tackle youth homelessness

AFG is delighted to announce a landmark sponsorship agreement to become Principal Partner of Foyer Foundation, an independent charitable organization that works with young Australians at-risk of, or experiencing, homelessness. Foyers are integrated learning and accommodation settings that provide young Australians experiencing disadvantage with a pathway to education, training and employment that is founded on access to stable and secure housing.

The Foyer concept is considered international best practice in helping disadvantaged young people, aged 16-25 years who are homeless or in housing need, to achieve the transition to adult independence. Foyers have proven so successful that there are now more than 1,000 Foyers worldwide.

AFG CEO David Bailey and Foyer Foundation CEO Katie Hooper launched the national partnership at the largest Foyer in the southern hemisphere, Foyer Oxford in Leederville, Western Australia.

AFG CEO David Bailey said: 'The social crisis of homelessness is a whole of community problem. AFG is taking the step today to help play our part in addressing that problem.

'As one of the country's largest networks of mortgage brokers we see firsthand the importance of a place to call home. Foyer Foundation is an organization that has a globally proven model that works to address the issue among young people, one of the hardest hit parts of our community when faced with homelessness.

'By partnering with Foyer Foundation, we are supporting a program that helps young people into a stable and secure home from which they can find their feet and take their place in the community.

'At AFG we work to support our brokers to build their success. We call it 'brokering a better future'. By helping Foyer Foundation to wrap the support needed around these young people, we hope to play a part in helping them build a better future also.'

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Foyer Foundation currently has nine established Foyers operating in WA, SA, Victoria, New South Wales and Queensland supporting over 500 young people and is working to develop and accredit a further 21 locations.

'AFG's commitment of $200,000 this year with an option to extend for a further two years will provide Foyer with stability of funding to help hundreds of young people across Australia and support their plans to establish a total of 30 accredited Foyers by 2030,' said David.

A key component of the funding support will be the creation of the 'AFG Independence Fund', a series of grants accessible to all of Foyer's young people tailored to contribute to their education, well-being and employment support pathways.

'AFG is very pleased to become a key supporter of an organization doing such important work in a way that is proven to have a meaningful impact on the lives of young people,' he concluded.

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Note: Photos available

About Foyer Foundation: The Foyer Foundation manages and works to improve the quality standards of Foyers that operate in Australia. The Foundation does not operate Foyers but are the learning organization that manages their accreditation and supports their quality improvement. By linking Foyers to a national community of best-practice, it enables Foyers to share learnings and resources, utilize research and data to inform practice, and harness collective expertise to further innovate around the Foyer approach. Working with (would you name BSL, Anglicare etc?)