Gauteng Partnership Fund Background
The Gauteng Partnership fund (GPF) was established by the Gauteng Department of Housing to address funding challenges in the affordable housing sector.
The GPF assists the affordable housing sector by:
- Providing public risk capital
- Providing prospective funders with sustainable entry into social housing financing market by means of various products.
On a project-by-project basis, GPF will assist the social housing institutions to procure finance at the most favourable terms in order to promote affordable, quality accommodation that is well managed for the target market.
The GPF seeks to continually develop products aimed at addressing housing market funding challenges. GPF products are reviewed annually to determine thier effectiveness.
Term ranges between 10 and 15 years depending on project cash flows
Prime (blended rate).
- 1st Covering Mortgage Bond (CMB)
- Cession of loan accounts
- Personal surety ships
- Cession of rental income and bank accounts
- Cession of insurance