The focus is on property investment. Kura Chihota Leapfrog Commercial Property Investment Analyst is being interviewed.
(Int:) Kura Chihota – Investment Analyst : Leapfrog Commercial Property
Mentions: Gauteng Partnership Fund, Transfer Urban Housing Finance
(Dur 00:06:11)
A.V.E. = R R65 296

Living conditions more problematic in rural areas S SOME students across the country settle into their academic year, many are still struggling to find suitably located and safe accommodation that enables them to fully engross themselves into a meaningful study programme.
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Joburg warned of a looming slum if it doesn’t take action JOBURG’S inner city could degenerate into a slum if nothing is done about the escalating number of building hijackings.
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Water welcomes Lefadi Makibinyane as the new Chief Executive Officer (CEO). Makibinyane joins Amatola Water from the Consulting Engineers South Africa (CESA), where he served as CEO.
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Providing student housing is not without risks. he private sector is starting to invest aggressively in student housing, which has faced severe shortages in the past.
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The Gauteng Partnership Fund (GPF) is showing significant growth, with most of its funded entrepreneurs having had success in the market to date.
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An increasing number of national and provincial government departments and state-owned entities are getting their houses in order.
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Living conditions more problematic in rural areas S SOME students across the country settle into their academic year,
read more …

Joburg warned of a looming slum if it doesn’t take action JOBURG’S inner city could degenerate into a slum if nothing is done about the escalating number of building hijackings.
read more …

Amatola Water welcomes Lefadi Makibinyane as the new Chief Executive Officer (CEO). Makibinyane joins Amatola Water from the Consulting Engineers South Africa (CESA), where he served as CEO.
read more …

Providing student housing is not without risks. he private sector is starting to invest aggressively in student housing, which has faced severe shortages in the past.
read more …

The Gauteng Partnership Fund (GPF) is showing significant growth, with most of its funded entrepreneurs having had success in the market to date.
read more …

An increasing number of national and provincial government departments and state-owned entities are getting their houses in order.
read more …

Agency and Gauteng Partnership Fund. Ten entities improved to obtain clean audits. KwaZulu-Natal The province retained seven clean audits – Provincial Treasury, Amafa aKwaZulu-Natali, Dube TradePort Corporation, Growth Fund Managers,
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Opportunity launch pad is building in your blood? Property entrepreneurs can take advantage of the huge demand for housing close to facilities areas. By Monique Verduyn Vinolia Mashiane
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The Gauteng Partnership Fund (GPF) has, over its 10 years of existence, gathered respect within the social and affordable housing space
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This is eciting opportinity for graduastes who have a diploma/degree from accredited and recognised tertairy in stitutions in the following disciplines to prarticipatein GPF
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Student accommodation Sashnee Moodley senior staff writer there is a significant shortage of accommodation for students studying at universities in Gauteng,
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Mind the gap The key to making a dent in the housing ‘gap market’ is a mix of public and private-sector participation and clever planning, suggests Trevor Crighton
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An open site previously used as a hub for prostitution in the city centre is under development to provide homes to about 2 000 middle class people.
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The R8.5m Kwa-Shenge project has been launched as government calls on the private sector to assist in training previosly disadvantaged property developers
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It is the Devco Group’s vision to transform the Highlands precinct into a modern yet affordable high-density living space.
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Since the 1970s, the urban landscape of the Gauteng Province has transformed into the highly connected cluster of cities, towns and urban nodes we know today.
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Within walking distance of the city’s eastern precinct at Maboneng is a 2 000 m² property at 424 Commissioner Street.
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GPF CEO, Boni Muvevi, said that GPF would assist property entrepreneurs to access funding opportunities for the affordable housing market in Gauteng.
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Developed by DEVCO, the aim is to transform the Highlands area near Ellis Park, Bertrams and Joe Slovo Drive into a modern high density affordable residential precinct.
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The two projects were the first to be completed under the EEPF programme.The projects, based in Pretoria and Kempton Park, are rental housing developments
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The Gauteng urban region represents the most dense concentration of economic activity, population, and poverty in South Africa today.”
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The Gauteng Partnership Fund, wich specialises in re-cruiting and funding entrepreneurs who want to build affordable houses in the province
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Muvevi is not unaccustomed to his new role as CEO, having assumed the position of acting CEO twice in his career with the GPF.
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GPF Funding Housing and Entrepreneurs – March 2014

• GPF funding Housing and Entrepreneurs – Full Publication
• GPF funding Housing and Entrepreneurs – GPF Feature

FM Corporate Report – Seeking Housing Investors – November 2013

Financial Mail – Pg. 58
Financial Mail – Pg. 59
Financial Mail – Pg. 60

The GPF was established by the Gauteng provincial government to address specific challenges in the social housing sector in terms of affordable rentals.
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The Gauteng Partnership Fund has never taken a narrow view of its mandate; while it was established by the Gauteng Department of Housing to address funding challenges…
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The rental programme assists private developers to procure finance at favorable terms on a project-by project basis, thus facilitating the development of quality affordable housing.
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The Gauteng Partnership Fund hasnever taken a narrow view of its mandate while it was established by the Gauteng Department of Housing
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Housing is fundamental to the growth of any sustainable society. The Gauteng Partnership Fund (GPF) was launched in 2002, with a focus on facilitating social housing development for households with an income of less than R7 500 a month at the time.
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Housing is one of the backbones of economic stability; it is fundamental to the growth of any kind of sustainable society
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Government, in particular, appreciates the need to provide rental housing for its citizens.
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The Gauteng Partnership Fund (GPF), the affordable housing funding vehicle of the Gauteng Department of Local Government and Housing, celebrated a decade of housing partnership success last year.
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‘I will be making a proposal to central government for the GPF’s model to extend beyond the province, whether that means we need to transform or create a new entity doesn’t matter’
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The government alone cannot provide all the funding for affordable rental housing projects, writes DAVID JACKSON.
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The Gauteng Partnership Fund (GPF) started operations in 2002 with the objective and aim of resurrecting the social housing market with a focus on rental housing in Gauteng
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Undoubtedly one of the greatest challenges facing South African entrepreneurs is that of access to finance. At the same time, the South African government is struggling to keep up with the need for adequate housing provision
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The government alone cannot provide all the funding for affordable rental housing projects, writes DAVID JACKSON
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The Gauteng Partnership Fund (GPF) is the ideal partner for companies seeking to develop affordable residential properties for rental to cater for households with income up to R12 000.
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The Gauteng Partnership Fund assists passionate property entrepreneurs to gain access to the low cost housing market
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Housing provision remains one of the critical items on the public finance policy agenda in South Africa. Millions of people are still waiting for suitably located, affordable accommodation, which would improve the quality of their livelihood
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Kutoane Kutoane, CEO of the Gauteng Partnership Fund, explains what the organisation is doing to meet the gaps in the financing of social housing in Gauteng
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Housing provision remains one of the greatest items on the public finance policy agenda in South Africa, with millions of our people still awaiting suitably located, affordable accommodation which would improve the quality of their livelihood. This is evidenced by continuos national debates and various policy pronouncements by government regarding the need for rapid delivery of sustainable human settlements. In Gauteng the housing challenge is particularly severe, with people continuously flooding to this economic hub in search of work and better quality of life. For some time the banking sector had been reluctant to fund in the low income housing market due to perceived high risk associated with the low end housing market segment.

 

Gauteng Partnership Fund (GPF) was therefore founded by The Gauteng Department of Housing in 2002 as a mechanism for mitigating risk facedby private sector funding institutions in financing the low end housing developments in the province. This we have been able to achieve by taking up to 30% first loss position in the funding arrangements towards the developments, provided that these meet our target beneficiary group which are the households earning between R1500 to R12000 per month in 2004 prices, and that the private senior debt financing of the balance would be forthcoming.

To date we have committed up to R450 million.

We at Gauteng Partnership Fund pride ourselves of having been a key player in the facilitation of affordable housing developments in the Gauteng Province. Since our inception as a public entity under the auspices of the Gauteng Department of Housing, we have focused our programmes on mobilization of private sector funding to address the funding constraints that are experienced by social housing providers and low income housing developers in putting up affordable, well located housing developments. To date we have committed up to R450 million of public risk capital towards financing of affordable housing projects, enticing banking sector to enter the market to the tune of close to R2.2 billion, resulting in over 17000 housing units for our target population.

When we started our mandate was to design and implement innovative funding solutions to normalize the social housing market in Gauteng. At the time banks were reluctant to fund social housing projects due to the perceived riskiness of those investments. Moreover the conventional banking risk evaluation criteria were not structured with a clear understanding of this market segment and therefore banks were not well disposed to optimally price the risk associated with their funding facilities.

We therefore entered the market with innovatie funding instruments where in we would provide the first layer of capital, very favourably priced relative to market, to enable banks to mitigate their financing risk. Our interventions have made a great deal of difference and the value we have added to this critical sector speaks volumes.

While we have managed to successfully put the GPF on the pedestal as a premier vehicle in the housing delivery chain in the province we are starkly aware of the challenges still facing the provincial government given the massive backlogs of suitable housing in Gauteng. We have aligned our current strategic objectives closely with those of the Gauteng Department of Local Government and Housing, especially the strategic outcome of accelerating delivery of housing opportunities through provision of adequate shelter by implementing rapid developments of mixed housing and provision of adequate rental housing solution in partnership with the private sector. GPF’s impetus has always been on building a networked ecosystem of partners involving the private financiers, local government structures, relevant provincial government departments and affordable housing developers, including social housing institutions.

We are now well poised to drive much more aggressively our strategy for the next three years which entails proactively sourcing housing projects in the province, packaging them appropriately for our clients and going to market to raise suitably structured funding instruments. Our focus will involve active participation in setting the agenda for sustainable human settlements and advocating appropriate policy interventions to assist the province in meeting its housing objectives.

We continually call upon all our existing partners and new ones to join us as we drive our strategic interventions forward in this market. We are more than ever keen to see new players (developers and investors) who are interested in acquiring the old buildings in the inner-cities and converting them into suitable quality dwelling units. We particularly wish to assist emerging black entrepreneurs who would want to take risk alongside the public funds under our administration for a mutually rewarding partnership. We aim to realize the national policy objective of achieving cohesion within our communities through new developments within sustainable human settlement context.