The City of Cape Town has announced its plans for a mixed-bag of affordable housing options in the City centre, Woodstock and Salt River.
Rahima Essop, EWN reporter says Cape Town Councillor Brett Herron held a press briefing to says the City would be making ten municipal owned cites available for housing options, which will cater for households that fall within the low to mid income range.
Three sites have already been allocated to Social Housing Institutions.— Rahima Essop, EWN reporter
The City has also committed to developing transitional housing to temporarily house people who are displaced or evicted.— Rahima Essop, EWN reporter
Essop explains that the Transitional Housing Project will be located within five kilometres of the city centre.
240 social housing residential units will be built in Woodstock.
The Salt-River Market, in Albert Road, will be a combination of around 476 affordable housing opportunities says Essop.
When we talk about affordable housing, we're talking more about more than just social housing. Affordable housing refers to the gap market, where people who earn more than R3500.00 meaning they don't qualify for free houses but earn too little to pay for their own mortgage.— Rahima Essop, EWN reporter
Essop says this project will require an innovative funding model and says the City is reaching out to the private sector for assistance.
According to Essop, anyone who needs a house will need to register and appear on the list to qualify for a home.
Take a listen to the full report here:
Listen to Cllr Brett Herron Mayoral Committee Member for Transport and Urban Development speak on the housing development here:
This article first appeared on 702 : Woodstock and Salt River among City's planned affordable housing sites