Joburg to grant incentives to build inclusionary housing
One in 20 housing units in all new residential developments in Johannesburg to be affordable from 2019
The City of Johannesburg says it will give private housing developers cost breaks to push them to create inclusionary housing at every development from 2019 onwards. Reuben Masango, member of the mayoral committee for development planning, said the city would release a housing policy in the first quarter of 2019, which would detail models that private companies could use so that each residential development they brought to market would have an affordable housing component. Masango spoke at the launch of Africrest Properties’ middle-income residential development called The Village in Bramley, Johannesburg. He said the call for private players to help the city alleviate its housing shortage was being heeded, but more of them needed to accommodate “inclusionary” housing units. This is despite arguing that it was very difficult to manage these units and expensive to build the units, which could then be let for R800-R1,000 a month. “You guys need to get creative. We want people in our c...
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