PRESIDENTIAL%20PILOT%20PROJECT%20ON

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PRESIDENTIAL PILOT PROJECT ON

• RENTAL HOUSING
• THE JOB SUMMIT PROJECT

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BACKGROUND
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• 1998 Job summit.
• Partnership with NEDLAC.
• Rental project (50 000 150 000 units).
• Steering Committee.
• - Criteria Alternative tenure.
• Job creation.
• Private sector involvement.
• Integrated development.
• Reconstruction of cities.

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BACKGROUND
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• Appropriate scale / design / mix.
• Best practice (sustainable
  delivery).
• Management of affordable housing.
• 75 rental / 25 ownership.
• Three investment partners (Govt, Labour, PS).
• Proposal calls.
• Financial model.
• Institutional model.
• 3 Phases.

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FUNDING
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• Government subsidies.
• Poverty Relief Funds.
• Private sector / Labour.
• SHF.

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PROGRESS
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• NHFC appointment.
• Transaction advisors.
• - Feasability study.
• - PPP arrangement.
• Government funding transferred.
• Private sector / Labour funding?

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PROJECT STATUS
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• 1. Gauteng
• 8 projects Brickfields, Farraday,
• Metro Mall, Tribunal Gardens, Better
• Buildings, Doornfontein, Baralink,
• Kliptown.
• Kliptown 450 units developer appointed.
• Brickfields On track R45m equity raised.
• Other Planning.

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PROJECT STATUS (cont.)
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• Witbank / Emalahleni
• Tasbet Park and Duvha Park.
• 5 000 units East of N4.
• Show units completed.
• 20 units handover on 1 July.

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PROJECT STATUS (cont.)
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• 3. Durban
• Roosfontein Hill (Cato Manor)
• 700 units.
• Approved by Metro.
• Funding for services.
• Mount Moriah (Inanda/KwaMashu)
• 2 800 units.
• Abandoned.

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FUTURE ACTIVITIES
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• Phase 2
• Proposal calls.
• Evaluation.
• Phase 3
• ?