Social Housing Fund
The Social Housing Fund was developed for social housing institutions that require an equity injection to the project. The GPF equity enhances the debt to equity ratio for projects to enable lenders to finance, on favourable terms.
Who Qualifies
Any social housing institution or Project Special Purpose Vehicle (SPV) with a recognised legal form that provides rental or delayed ownership schemes to majority of families with household with monthly income less than R15 000 (adjusted according to Consumer Price Index CPI).
The institution must demonstrate to GPF that they have the technical resource capacity to successfully complete the project as well as efficiently manage the property thereafter.
Types of Projects:
- Inner-city refurbishments or predominantly residential buildings.
- Conversion of offices to residential units.
- Greenfield developments for social housing.
For more information or to apply for funding contact Mr. Shiraaz Lorgat
Tel: 082 603 2240
Email: shiraazl@gpf.org.za
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