November 2011

The November issue of Housing in Southern Africa features ‘Financing Social Housing in Urban Regeneration', hosted by the National Association of Social Housing Organisations. The social housing practitioners plan to increase social housing units by 25 000 before 2014.

First National Bank has swelled its affordable housing book to R9 billion and delivered 86 000 homes. Nurcha provides R71,74 million funding to Johannesburg Financial Securities for housing and infrastructure projects.

Global private equity investor, International Housing Solutions, has notched up a landmark R1billion in the South African affordable housing market.

Investing in social housing

Government aims to deliver 80 000 new rental opportunities by 2014, which includes 24 000 social rental units and 20 000 Community Residential Units.

Nurcha loans R71,74 m

Nurcha, the Development Finance Institution which provides funding for developers and contractors, has teamed up with Johannesburg Financial Securities to provide R71,74 million for housing and infrastructure on four projects worth R291,166 million.

FNB tops R9 bn for affordable housing

First National Bank announced that it has exceeded its target of R9 billion in the affordable housing market to provide new homes for more than 86 000 families. Since the bank formed its affordable housing division ten years ago it has made a significant contribution to the sector.

IHS spends R1 bn

Global private equity investor, International Housing Solutions, has notched up a landmark R1billion in the South African affordable housing market. The R1,9 billion South African Workforce Housing Fund has provided funding for 25 projects and 25 000 units in South Africa.

FNB and Sasol's eco housing

First National Bank and chemical giant, Sasol, have joined forces to develop affordable housing, which uses alternative technologies and by-products from the mining and manufacturing sector.
Housing in Southern Africa visited the Cosmo City site and the energy efficient houses which were built and designed by Tower Technologies, a subsidiary of EnviroServ Waste Management.
It took five days to assemble the energy efficient 85m² affordable units.

LSFB case study

The Pan African Games Athletes Village, in Maputo, provided an excellent case study for light steel frame building. If there was any doubt about the feasibility of light steel framing in the mid-rise building market, the village has shown its merits, says Jesse Sherin, Project Manager of US-based Worthington Construction Group.