Rental Housing Fund
Gauteng Partnership 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 funding as equity cushion to investors.
- Risk sharing and co-funding with prospective funders.
On a project-by-project basis, GPF will assist the rental housing entities to procure finance at the most favourable terms in order to promote affordable, quality accommodation that is well managed for the target market
Product Offerings
The GPF seeks to continually develop products aimed at addressing housing market funding challenges. GPF products are reviewed annually to determine their effectiveness.
Rental Housing Fund
The Rental Housing Fund was developed for rental housing entities that require additional funding in to the project. The equity type loan enhances the debt to equity ratio for projects to enable lenders to finance, on favourable terms.
Who Qualifies
Any company or project Special Purpose Vehicle (SPV) with a recognised legal form that provides rental or delayed ownership schemes to households with monthly income less than R15 000 (Adjusted according to Consumer Price Index CPI). The entity must demonstrate to GPF that they have the technical resource capacity to successfully complete the project as well as efficiently manage the property thereafter.
