Budget 2023
Share

Move towards 'catalytic' housing projects

Cape Town - Housing provision will aim to create more spatially, socially, and economically integrated communities, according to the 2015/16 budget tabled in Parliament on Wednesday.

The human settlements department hoped that "mixed use catalytic projects" would put an end to isolated and segregated communities.

To this end, it expected to disburse R315m to eight metro municipalities over the medium-term for some 30 catalytic projects.

Provinces, municipalities, and certain public entities received transfers from the department to deliver housing.

Over the medium-term, transfers to provinces would increase to R59.1bn through the human settlements development grant. In the same period, transfers to metro municipalities would increase to R33.3bn through the urban settlements development grant.

According to the 2015 Budget Review document, the National Housing Finance Corporation disbursed R675m in loans for affordable housing development.

It also leveraged R2.2bn in co-financing from the private sector to support these housing projects.

The corporation targets households earning between R1 500 and R15 000 a month, who struggle to obtain bank loans.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.09
-1.0%
Rand - Pound
24.05
-0.7%
Rand - Euro
20.58
-0.5%
Rand - Aus dollar
12.39
-0.3%
Rand - Yen
0.13
-0.9%
Platinum
894.64
-0.3%
Palladium
992.99
-0.9%
Gold
2,197.50
+0.1%
Silver
24.44
-0.8%
Brent Crude
86.09
-0.2%
Top 40
67,880
+0.3%
All Share
74,091
+0.3%
Resource 10
56,315
+1.2%
Industrial 25
103,611
+0.3%
Financial 15
16,459
-0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders