Empowerment Entrepreneur Property Fund

 

The Entrepreneur Empowerment Property Fund (EEPF) is a programme designed to promote participation of previously disadvantaged owned companies in the affordable rental property market.

 

 

Who Qualifies

Companies with HDI 100% shareholding, HDI women and youth owned applicants are encouraged

  • A potential project that can yield a minimum of 15 affordable housing units in Gauteng;
  • Equity contribution of minimum 3% of total project cost;
  • At least 75% of professionals and contractors must have majority HDI shareholding;
  • Applicants who are first time property entrepreneurs are encouraged;
  • First time property developers will be limited to a project with the maximum total project cost of R20 million;
  • A project that is ready for implementation from a town planning perspective

 

For more information or to apply for funding contact Ms. Phetsile Khoza

Tel: 060 992 9486

Email: phetsilek@gpf.org.za

Rental Housing Fund

 

 

The GPF Assists the Affordable Housing Sector by:
  • Providing public funding as equity cushion to investors.
  • Risk sharing and co-funding with prospective funders.

 

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.

 

For more information or to apply for funding contact Ms. Sandra Ruiter

Tel: 082 850 9170

Email: sandrar@gpf.org.za

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

Student Accommodation Fund

 

The Student Accommodation Housing Fund was developed for student accommodation service providers that require additional funding to the project. The mezzanine or junior type loan enhances the debt-to-equity ratio for projects to enable senior lenders to finance.

 

Who Qualifies
  • Any company or project Special Purpose Vehicle (SPV) with a recognised legal form that provides student accommodation that conforms to the norms and standards of the Department of Higher Education and Training (DHET).
  • A company that can demonstrate access to unencumbered capital of a minimum of 10% of total project cost as equity.
  • 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.
  • A company with a minimum HDI shareholding of 51%.

 

For more information or to apply for funding contact Mr. Shiraaz Lorgat

Tel: 082 603 2240

Email: shiraazl@gpf.org.za