Affordable Housing

Deserted factories to be converted into Affordable Housing

The City of Johannesburg (COJ) says it has identified abandoned factories in the city that it plans to expropriate in order to allow the private sector to turn them into low-cost affordable housing.

Joburg Mayor targets 500 hijacked buildings for Affordable Housing

City of Johannesburg Mayor Herman Mashaba vowed to reclaim 500 hijacked buildings, as part of his campaign to bring safety and order back to the area.

Balwin, Transcend team up for R6.4 billion Apartment venture

Sectional title heavyweight, Balwin Properties and Transcend, a residential property fund, are for the first time collaborating to develop 8,900 affordable rental apartments worth R6.4 billion over the next six years.

Affordable housing developer reports substantial losses

Affordable housing developer, RBA Holdings that went into business rescue in February, fell into an after tax loss of R10m in the six months to end-June, from a profit of R1.8m in the matching period.

Government pension fund pours R10.5bn to boost Affordable Housing

The Government Employees Pension Fund (GEPF), SA's largest pension fund, has approved R10.5 billion facility to lender SA Home Loans, in-order to boost government employees and the public access to housing.

Nedbank, DBSA collaborate to fund R120m Affordable Green Housing

In a ground-breaking move and first for South Africa, Nedbank and Development Bank of Southern Africa (DBSA) agreed to collaborate on funding sustainable green housing in the affordable housing market.

Sub-Saharan Africa Affordable housing in great demand

The Minister of Finance, Nhlanhla Nene addressed a conference about affordable housing which took place in Johannesburg last week, saying that the public and private sectors needed to work closer together in addressing the development of sufficient low-cost housing to meet tremendous market demand.

Eskom pension sets aside R100m for Low cost housing development in SA

IN a move likely to boost the development of housing in South Africa, Eskom Pension and Provident Fund has pledged R100-million towards the development of 20 000 new low cost houses in the country.

R80m Newgate building breathes new life into Joburg CBD

Johannesburg’s inner city continues to show signs of rejuvenation, as Standard Bank JV's with Afhco to launch the Newgate building, an affordable residential precinct anchored by a 7500m² Retail Centre located on the lower levels.

FNB Finances Affordable Housing development in Boksburg

The launch of Windmill Park Project in Boksburg by FNB Commercial Property Finance (CPF) alongside partners Kiron Projects addresses the dire shortage of housing in South Africa.

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