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 is located in Chippendale in a purpose-built centre with a mix of self-contained units and communal areas to facilitate young residents learning 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.
The first intake of clients will commence in 2021.
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).