Financial Stress in Growth Areas (FIGA)

A Partnership Project with State and Local Governments; Community Organisations; Financial Sector; Community

The Southern Metropolitan Region’s data and service provision indicators from across the partnership indicate that many families in the growth areas of Casey and Cardinia are experiencing financial stress, often for the first time, due to high mortgages, other credit lines and increased costs of travel.

In 2010, the partners identified and explored initaitives to improve the service system response to financial stress through enhancing the existing systems and evolving the capacity of the system. The following Action Plan has been adopted.

Key Priority Area One: Establish a sustainable and effective cross agency governance arrangement

  • Objective 1.1 Develop a multi-disciplined leadership group
  • Objective 1.2 Identify engagement and reporting pathways that will maximise opportunities for success

Key Priority Area Two: Develop and understanding of the existing service sector

  • Objective 2.1 Develop a service mapping system
  • Objective 2.2 Develop an understanding of critical indicators of financial stress

Key Priority Three: Enhance capacity of existing and future workforce

  • Objective 3.1 Identify capacity of existing workforce to respond to financial stress
  • Objective 3.2 Establish process for sustainable sector engagement and action

Key Priority Area Four: Increase community awareness with a focus on prevention

  • Objective 4.1 Establish social change and acceptance of the need to ask for help at the earliest stages.

For more information download Financial Stress in Growth Areas (Word - 101KB)

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