The current homeownership finance products are prohibitively expensive for many government employees, particularly those in the gap market, says the the Department of Public Service and Administration(DPSA). The gap market refers to households that earn too much to qualify for government-subsidised Reconstruction and Development Programme (RDP) housing but not enough to secure traditional...
Cape Town - Voted Time Out’s best city in the world, the reality is that for many Capetonians the lived experience is different.Many spend nearly half their salaries on transport just to get to work, and have to stretch the rest of their money out for food and other necessities.However, the idea that affordable housing could be built close to economic hubs leaves the Nimbys (Not In My Backyard) up in...
The Housing Development Agency (HDA) is grappling with a daunting funding model that restricts its ability to secure direct state funding, a drawback that significantly undermines its mission as a public sector developer in South Africa. In a recent interview with Independent Media Property, HDA officials articulated the challenges posed by these financial constraints, emphasising the substantial capital...
A local alternative home financier has identified a critical market design flaw as the root cause of South Africa’s failure to meet the soaring demand for affordable housing, particularly in the so-called "gap market”.This segment comprises households earning too much to qualify for government-subsidised Reconstruction and Development Programme (RDP) housing but too little to secure traditional...
The Housing Development Agency (HDA) is grappling with a daunting funding model that restricts its ability to secure direct state funding, a drawback that significantly undermines its mission as a public sector developer in South Africa. In a recent interview with Independent Media Property, HDA officials articulated the challenges posed by these financial constraints, emphasising the substantial capital...
President Cyril Ramaphosa stated that the government is committed to building more houses for South Africans in the coming years. The president made these comments during his State of the Nation Address (SONA) on Thursday in Cape Town. "Going forward, we are going to build more housing in our city centres and closer to work and business opportunities," he said. Ramaphosa said that government...
South Africa’s human settlements sector faces challenges with the housing accessibility opportunities for the gap market, says the Department of Human Settlement(DHS).In a recent interview with “Independent Media Property”, DHS Minister Thembi Simelane’s spokesperson Tsekiso Machike, said the gap market pressures are felt more strongly in metropolitan municipalities, intermediate cities, and small...
The Department of Human Settlements has issued a warning after a new housing scam emerged, with housing seekers being billed R100,000 for subsidized government houses. The new scam has recently emerged on social media platforms. According to the department, scammers falsely claim to be department employees and offer assistance with government-subsidised housing applications for the Breaking New...
The demand for quality rental housing in Cape Town’s townships is ongoing. In the face of this, uMaStandi, TUHF’s township-focused finance arm, has grown to offer finance in 11 Western Cape townships since it first established its office there in 2018. Yet, supporting property entrepreneurs who want to develop housing in the townships can be difficult. TOWN PLANNING CHALLENGES Nomfundo Molemohi,...
Compare listings
Compare