South african government housing programs

GDP growth annual percentage — South Africa. First Quarter: This IMF loan has no stringent conditions, but the next one will. Daily Maverick. The South African. Winde condemns land invasions as R50m housing development is lost. Accessed 18 July Committees welcome Rm rental relief for housing. Covid Government has R million available for rental relief support. At the end of March , gross residential mortgages accounted for Mortgage loans decreased by Over R40 billion 4.

Personal unsecured credit facilities contribute significantly to household indebtedness and impairment levels. The National Housing Finance Corporation NHFC , which is in transition to become the Human Settlements Developments Bank HSDB is responsible for providing housing finance to intermediaries, largely focusing on retail finance intermediaries, property developers and social housing institutions.

The NHFC also provides support to emerging housing intermediaries by partnering with other local, and global organisations. May Consumer Credit Market Report. Fourth Quarter, Repo rate falls to 3. Mail and Guardian. Credit Bureau Monitor. Fourth Quarter December Sheet T Banks willing to extend relief packages if you are struggling. Sunday Time Live. Annual Report Treasury gives nod for Human Settlements Development Bank. National Credit Regulator Consumer Credit Market Report — Quarter 4, Most South African households rely on salaried income, while grants and remittances are also amongst the most common sources of household income.

The average monthly salary was R23 in February , but given extreme inequality, just over a quarter or 7. An additional 7. The SARB forecasts higher inflation for the remainder of — mainly driven by rising household consumption and reduced investment levels. This will constrain available resources, especially for low income households. This raises the affordability ceiling and the number of households who can access financial assistance for home purchases on both the new and resale markets.

Two bedroom house for sale in Savanna City. Statistics South Africa. Centre for Affordable Housing Finance in Africa. This will most likely result in a drop in housing supply and consequently employment in the labour-intensive construction industry. Despite this outlook, the public sector continues to work to scale housing delivery.

The NDHS has a target to deliver subsidised housing units, formalise informal settlements each year, deliver serviced sites, and provide 18 affordable rental units. NDHS further plans to further leverage blended finance structures to support municipalities with funds for large scale bulk infrastructure. In , the SHRA delivered 3 units, despite the economic climate—resulting in an increase of units delivered compared to Also in the inner city, housing developer, Divercity Urban Property Fund has accessed a R million financing facility to develop affordable residential units in Johannesburg and Pretoria.

Divercity currently has a portfolio of 6 apartments. If you are disabled you are supposed to be given preference and your house is supposed to be adapted to meet your needs. To apply for a government Subsidy house take the following documents to a provincial office of the DHS, or your municipal offices:.

You will be asked to fill in a housing subsidy application form. Depending on your province or municipality, you will then be registered on the National Housing Needs Register or your Municipal Housing Demands Database.

Once the project is finalized and the houses built, you will be given keys and a title deed to your home, but it can take many years. It is illegal to rent out an RDP house. Note: There is a common misconception that individual ward councillors are involved with the allocation process.

They are not! BNG houses are supposed to be larger than RDP houses, with two bedrooms, a separate bathroom with a toilet, shower and hand basin, a combined kitchen and living room area and electricity installation, where electricity supply is available in the township. This housing programme is also aimed at households who earn less than R3, per month. CRU housing units are for rent and not for sale. This project is aimed at refurbishing inner-city buildings and hostels.

This programme tries to provide running water, sanitation, electricity and roads to informal settlements, but not necessarily houses. If your informal settlement receives UISP funding, you can later apply for housing construction assistance through other programmes. You cannot apply for UISP. After funding has been set aside, your community will be invited to come to planning meetings to determine the needs of your community.

Caution: This can be a difficult process. A lot of municipalities prefer to relocate entire informal settlements instead of upgrading it because getting engineering services into overcrowded informal settlements can be difficult. Put pressure on your ward councillors and municipal officials to ensure that the budget for UISP is used for upgrading your settlement. If you earn more than R3, but less than R22, per month which is the minimum amount needed to qualify for a home loan from a bank , there are some state-driven housing initiatives that apply to you, such as Financed Linked Individual Subsidy Programme FLISP :.

FLISP helps people who qualify for a home loan to buy a house for the first time. FLISP gives you a grant which can be used to reduce the initial loan amount. This will make your monthly repayments lower. It can also be used as a deposit. The subsidy rates were amended in , so if you earn R15, a month, you can now qualify for a subsidy of R62,, compared to the previous amount of R20, If you earn R22, a month you can qualify for a subsidy of R27, FLISP grants can be used for both existing houses and to build a new one.

Besides getting approval for a home loan and earning between R3, and R22, per month, you must meet the same criteria as described for RDP houses above excluding needing to earn less than R3, To apply for a FLISP grant, you must first go to your bank or financial institution and apply for a home loan. For that you will need:.

To qualify for a home loan you have to be over 21, have been employed for a minimum of six months, have no defaults on your credit profile and earn above the minimum salary requirement as decided by your chosen bank. Agreement of sale for the property or building contract and approved building plan where applicable. Municipalities and provincial governments can subsidise companies to develop new housing projects if some of the houses are rented as affordable housing.

This makes the building and planning of the projects cheaper, which makes rent lower. Each municipality has to conduct an Integrated Development Plan every five years to see what the housing needs are. SHPs are mainly but not only for households earning between R3, and R7, per month. You can qualify even if you have benefited from other housing projects in the past, but you may not currently own property.

Couples married or living together qualify, or single people with dependents. Depending on the province and project, you may have to apply directly to the institution or company that is managing the SHP.

It will have its own screening process. Note: All of the above programmes tend to be advertised during the Integrated Development Plan Forums, or otherwise they should be advertised at local housing offices. Sometimes your municipality or province will advertise online on their websites.

Keep a lookout for signs near new developments, or speak to your ward councillor about which projects are being planned. Initially written by Julia Chaskalson. Updated occasionally. Fikile Mbalula is going after us for R2 million. We must be doing something right. Support news that matters. Please donate to GroundUp. Donate using SnapScan. In Khutsong, one person owns two RDP houses - has the approval letter for one and the title deed for the other. In Wedela, the owner of the RDP is renting somewhere else while his house has been occupied by a person connected to an ANC councillor.

My daughter applied for a house in but she still hasn't received it while people who applied after her have received houses. Thank you Guys for information you really open our eyes about what is happening about these houses.

My Mother past away in we were both running up and down to check what is happening this Ziveze campaign but no answer. What surprised me is this people who registered in got houses. I went to check, I was told to register myself again. Me and my family use to stay in Eersteriver. Renting a house.

After the owner came and remove my family things started to happen. My mom applied for a RDP house in and has been waiting ever since. We moved from house to house. Backyard to backyard. Location to location.

In the process we lost a lot and my granny passed away. That is not enough to find private housing but too much for state help. It seems social housing in South Africa is meant to also help the working class like nurses, fire fighters, police officers and similar positions.

I like to keep my blogs to words and I am well above that right now. I am going to stop but leave you with this interesting discrepancy.

The National Association of Social Housing Organizations states they represent around 19 organizations in South Africa with around , units. Another organization called The Social Housing Regulatory Authority says that there are around 30 social housing institutions throughout the country but many of them are distressed and not doing well.

Altogether, the Social Housing Regulatory Authority states that there there are around 30, units being managed with a few thousand more on the way. You can find that information here. If anyone out there in South Africa could shed some light on this that would be helpful. Interesting piece, In the little time very little i have been working in this sector i have picked up on a few things, 1.

The work that we have done since is remarkable but we could do more. I am currently doing my research proposal in social housing and if you would like to give me a few pointers please contact me on latoyankuna gmail.

Like Like. You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Email Address:. Blog at WordPress. Definition of Social Housing Like every other county I looked at, social housing in South Africa has its own definition.

Major Aims: The social housing system in South Africa does aim to deliver housing to both low income and middle income households.

Rent Calculation: One must remember that social housing is only one of many forms of affordable housing in South Africa. Conclusion and Questions: I like to keep my blogs to words and I am well above that right now.