The Minister of Human settlements, Mmamoloko Kubayi, announced six major housing projects in the country. The department will build 360 units in the Willow Creek Project in Ermelo.
The project entails the construction of 360 SHUs in the Ermelo Central Business District (CBD). We expect this project to create 1 062 jobs.
When Kubayi made the announcement, she said the department will complete them in the next two years. She delivered this during her debate speech on the State of the Nation Address on Monday.
“There are six social housing projects that will be constructed over two years, starting in the financial year 2022/23. We will fund five Social Housing Institutions and one other development agency through equity and debt financing to develop these projects,” she said.
The other projects include:
Fochville Extension 11 in the West Rand District Municipality, Gauteng. The proposed development will comprise 2 198 residential units, out of which 258 will be Social Housing Units (SHU). They expect the project to create 953 jobs.
Hospital Street in Mujuba District Municipality, KwaZulu-Natal. The proposed development comprises 53 four-storey building blocks comprising 1 056 units. This project is expected to create 3384 jobs;
— Human Settlements (@The_DHS) February 14, 2022
Germiston Extension 4 in Ekurhuleni Metropolitan Municipality, Gauteng. The project has planned 201 SHUs to accommodate 601 people. It will create 847 jobs. Hull Street Phase 1 in Francis Baard District Municipality, Northern Cape. The Hull Street Social Housing Project envisions delivering 600 SHUs in two phases. It will create 1152 jobs.
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During his State of the Nation Address, President Cyril Ramaphosa announced that the Infrastructure Fund is now working with state entities to prepare a pipeline of projects with an investment value of approximately R96 billion in several sectors, including social housing.
On Monday, Kubayi said social housing is government’s most promising programme that will help to disrupt the apartheid spatial development and make cities more inclusive.
“The primary purposes of social housing are urban restructuring and regeneration, and increasing the supply of rental housing in suitable locations for low- to moderate-income earners.
“We finance social housing with a combination of government funding, debt and equity, making this subsector more dynamic and attractive for public-private partnership. It is for this reason that we have identified social housing as an integral part of the infrastructure investment, which is central to the success of the Economic Reconstruction and Recovery Plan.”