City of Cape Town earmarks R230m for social housing
Benedicta van Minnen
City earmarks R230 million for social housing; looks to increase responsible development for affordable housing
Over the past 10 years, the City has been developing a vision for responsible, inclusive development in all urban centres around the metro. However, it has become clear that one method of delivery of affordable housing will not meet the demand in Cape Town and that innovative, City-enabled but partner-driven solutions are the way forward.
Our vision has included the exploration of the Cape Town Central Business District (CBD) and near-inner city areas for potential subsidised- and social housing initiatives to low- to medium income-earning residents in well-located parts of the city. For instance, there are currently earmarked near-inner city social housing projects in the Woodstock and Salt River area.