Foyer Central Social Impact Bond
Foyer Central will support vulnerable young people, aged 18-22, who have exited out-of-home care. The program will provide young people a safe and affordable place to live while they develop their skills to lead independent and fulfilling lives.
Foyer Central will contain studio style apartments, with extensive communal areas. The mix of self-contained units and communal areas allow young people to learn how to live independently and positively contribute to a community. Foyer Central will be staffed 24/7 by professionally trained staff from Uniting, ensuring young people are safe and secure, and can readily access support when they need it. Young people will, on average, spend 18 months at the accommodation.
Foyer Central is modeled on a globally successful program and delivered at a critical development age, giving young people the chance to live an independent future.
Foyer Central will be located in Chippendale in a purpose-built centre. Construction has begun, with the first intake of clients to commence in 2021 when the purpose-built accommodation is completed.
Foyer Central will be financed through a social impact bond developed by Uniting, St George Community Housing and Social Ventures Australia in partnership with the Office of Social Impact Investment and the Department of Communities and Justice (DCJ).
The bond will not be launched until the construction of the accommodation is nearing completion.