Revitalisation of TWGHs property at Fuk Tsun Street into community shared resources \n Launching the first “Fortune Loft – Youth Co-Living Project” to relieve the housing needs of the young people.

TWGHs has renovated its property located at the junction of 56 Fuk Tsun Street and 1 Lime Street, and revitalised it into community shared resources. Not only the living conditions of current tenants greatly improved, TWGHs also remodeled the 4th and 5th floors of the property into a co-living space furnished with traditional features and modern designs, and launched its first “Fortune Loft – Youth Co-Living Project” to relieve the housing needs of young people by offering housing at an affordable price.

“Fortune Loft – Youth Co-Living Project” is an endeavor to offer another housing option for young people in a way of “co-living”. The “co-living” model aims at encouraging young residents to communicate, exchange views and look after one another. Besides, successful applicants are required to join a designated “Saving Programme” and “Good Neighbours Scheme”, with an aim to nurture their saving habits and to contribute to the society through visits and community activities.

“Saving Program” requires participants to set up their own saving plans. The Group will grant one-third of their saving amount. For instance, if a resident saves $300 each month, TWGHs will grant $100. The maximum matching grant for each month is $1,200. All savings will be reimbursed to residents after tenancy agreement ends so that they will have capital to pursue their personal goals.

“Good Neighbours Scheme” requires residents to participate in at least 30 hours of volunteer services and community visits every year, with an aim to cultivate a sense of belonging to the community, to care for the elderly and to promote the spirit of co-living in the community.

The first phase of “Fortune Loft – Youth Co-Living Project” is now opened for application until 20 October 2018. Working youngsters aged between 18 and 30, with a monthly income not exceeding $20,000, total assets not exceeding $350,000, and do not own any property in Hong Kong are eligible to apply. Applicants who used to be child care service users and with special family needs can apply through social workers.

For more details of “Fortune Loft – Youth Co-Living Project”, its application requirements and application form, please visit https://goo.gl/uAVq5v. For enquiries, please contact Ms. Karen LAW at 3525 1856.

About TWGHs

Since its establishment in 1870, TWGHs has been all along upholding its mission ” To heal the sick and to relieve the distressed; to care for the elderly and to rehabilitate the disabled; to promote education and to nurture youngsters; and to raise the infants and to guide the children.” Nowadays, TWGHs is the largest charitable organisation with the longest history in Hong Kong. For over a hundred years, TWGHs’ medical and health, education and community services have developed rapidly to fulfill the needs of the society and to provide high quality services at low rates or for free. Today, TWGHs operates 321 services centres, including 5 hospitals and 30 Chinese and Western medicine services centres, 55 education services centres, 229 community services centres that cover elderly, youth and family, rehabilitation and traditional services, as well as the Tung Wah Museum and TWGHs Maisy Ho Archives and Relics Centre, which were established to promote, restore and preserve the heritage and relics of TWGHs, with an aim to protect and preserve local traditional culture.

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TWGHs has revitalised its property at Fuk Tsun Street and launched its first “Fortune Loft – Youth Co-Living Project” to relieve the housing needs of the young people.