Commercial Housing Fund
Commercial Affordable Housing Programme is designed to promote the participation of experienced housing developers and rental property owners in the affordable housing market.
Application Requirements
- No BBBEE required for the developer, however at least two professionals appointed must have 51% BBBEE shareholding
- Maximum total GPF exposure 20% of development amount
- Equity contribution of 20%
- Loan term of 15 years
- Moratorium of up to 24 months
- 3% fee on GPF loan facility plus VAT – minimum of R300 000
- Pricing is base rate at prime, plus margin of 100 basis point
How to apply
Send the following documents via email to sandrar@gpf.org.za for assessment:
- Comprehensive Business Plan
- Company Registration Documents
- Essential Project Information:
- Approved zoning
- Geotech
- Elevation plans
- Elemental Bill of Quantities
For more information or to apply for funding, contact;
Ms Sandra Ruiter
Tel: 082 850 9170
Email: sandrar@gpf.org.za