R10bn set aside to deal with nightmare of informal settlements 18 May 2021 - 20:33 The increasing need for housing has prompted the government to set aside R10bn to upgrade informal settlements in the next three years, Lindiwe Sisulu announced on Tuesday. Image: Trevor Samson
The increasing need for housing has prompted the government to set aside R10bn to upgrade informal settlements for the next three years, human settlements, water and sanitation minister Lindiwe Sisulu announced on Tuesday.
Sisulu made the revelation at the National Assembly, where she delivered her budget for the 2021/22 financial year.
“The need for housing our own people is long and growing, with 2.2 million households still living in informal settlements. And when you consider migrants from neighbouring countries also seeking employment, then you can understand the nightmare we have to deal with year in and year out,” she said.
City of Cape Town’s rental stock to be upgraded in partnership programme 14 May 2021 - 15:07 A partnership between the City of Cape Town and National Housing Finance Corporation will see an upgrade and maintenance of the city’s rental stock. Stock photo. Image: 123RF/andiafaith
The National Housing Finance Corporation (NHFC) has formed a partnership with the City of Cape Town which will see an upgrade and maintenance of the city’s rental stock, estimated at 57,000 units.
The partnership was announced this week by human settlements, water and sanitation minister Lindiwe Sisulu.
She said the partnership would go a long way in providing decent, secure and affordable accommodation to the people who live and work in Cape Town.
Human Settlements Development Bank close to being finalised 29 April 2021 - 14:32 In 2019 President Cyril Ramaphosa announced that the government would establish the Human Settlements Development Bank, which aims to expedite the delivery of houses in the country. The state set a target of building 500,000 houses by 2024. File photo. Image: SINO MAJANGAZA
Deputy minister of human settlements, water and sanitation Pam Tshwete on Thursday told parliament that the establishment of the Human Settlements Development Bank (HSDB) was at an advanced stage.
“The bill for the bank has been drafted. It has been sent to the state law advisers for scrutiny and it will be presented to the cabinet in May. It will then go for public comments, which is important, it cannot be finalised without going for public comment,” said Tshwete.
"People want to live closer to work environments where they have access to transport . Covid-19 and job losses have affected affordability," said Mandu Mamatela from the National Housing Finance Corporation.
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