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The aggregator giant has extended its partnership with Foyer Foundation for another three years, as the charity keeps striving to tackle youth homelessness.
Australian Finance Group (AFG) has committed to providing $600,000 to Foyer Foundation over the next three years, building on its initial $200,000 donation when it became principal partner in 2021.
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Foyer Foundation has indicated that the extended funding and partnership will help it support more than 500 young people across 13 established foyers, which provide stable accommodation for up to two years and support for education and employment pathways.
The 13 foyers are located across Western Australia, South Australia, Victoria, NSW and Queensland.
Foyer Foundation also has plans to use the backing from AFG to establish a total of 30 foyers by 2030.
Keith Bryant, chair of Foyer Foundation commented the organisation is “delighted” to continue its partnership with AFG.
“A key part of our successful partnership is the AFG Independence fund,” he said.
“Over the last 12 months it has supported 87 young people with educational, employment and wellbeing resources.
“The access to financial resources to pay for course fees, laptops, school and work uniforms, driving lessons and more ensures our young people are one step closer to transitioning to independence.”
He added that over the next three years, AFG and Foyer Foundation will work together to deliver more than $140,000 in independence fund grants.
“The Foyer Foundation is committed to growing, supporting and accelerating the Foyer approach and working in collaboration with the Foyer Network,” Mr Bryant said.
“We will focus on early intervention and aim to further promote health and wellbeing outcomes for young people so they can thrive, not just survive.”
AFG chief executive David Bailey commented the new agreement has aimed to give the Foyer Foundation added security and certainty when planning for the future.
“After seeing how impactful the Foyer Foundation’s work has been over the last year, we have extended our support,” Mr Bailey said.
“It is so important to have a place to call home – AFG sees that firsthand as one of Australia’s largest networks of mortgage brokers.
“Access to stable and secure housing via Foyer’s integrated learning and accommodation can put young Australians, at a risk of disadvantage, on track for a brighter future, and we are proud to be part of that journey.”
Recently, Mark Hewitt, AFG general manager, industry and partner development, was appointed to the Mortgage and Finance Association of Australia (MFAA) board.
[Related: 70% of mortgages go through a broker]
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