Correction: July 23, 2018 An earlier version of this article rendered TUHF Ltd as Trust for Urban Housing Finance. Inner-city property funder TUHF Ltd  is lamenting the lack of funds available for black entrepreneurs looking to enter the property sector, saying this is a lost opportunity. Since the company launched in 2003, TUHF has raised close to R5bn for entrepreneurs, 65% of which were black. TUHF’s loan book has grown on average at 13% a year for six years, and is sitting at about R2.5bn. "No development finance institutions have programmes or budgets in place and they will not allocate money to empower black property practitioners at an entry level and beyond," says TUHF’s CEO Paul Jackson. The only money TUHF has managed to raise from the government is R75m from the Jobs Fund — which took three years to acquire. Jackson says that in 2007 TUHF created the Intuthuko Equity Fund to help the previously disadvantaged get deposits and other initial funding needed to launch housing ...

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