Cape Town planners seek ideas for low-cost housing near sought-after CBD
THE city of Cape Town is looking to partner with the private sector in its plans to make more low-cost housing available closer to the central business district (CBD).Benedicta van Minnen, Cape Town’s mayoral committee member for human settlements, on Monday said the city had set aside R230m in the current financial year for social housing, as it looked to increase the development of affordable housing.The city sees the construction of low-cost housing closer to the CBD as an essential component in realising Cape Town’s vision of an economically and socially cohesive city.The CBD in Cape Town has been a victim of its own success, as its expansion and development over the years has led to a steep increase in residential property prices.Van Minnen said over the past 10 years, the city had been developing a vision for "responsible" and "inclusive" development in all urban centres around the metro."However, it has become clear that one method of delivery of affordable housing will not m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.