Housing crisis moves Cape metro to mark properties in CBD for affordable homes
The City of Cape Town says it has identified 10 properties in the central business district (CBD) and nearby suburbs for affordable housing development. This announcement comes amid heightened pressure from residents who are facing evictions in suburbs including Woodstock‚ Salt River and Bo-Kaap due to gentrification. Demand for housing in Cape Town‚ especially closer to the inner city‚ has skyrocketed as more people push to live closer to the CBD, where they work. Member of the mayoral committee for transport Brett Herron said the 10 sites were in the city centre‚ Salt River and Woodstock. He said the city was also going to develop its first inner-city transitional housing project in Salt River. "The proposed development of the Salt River site is only the first; there are more transitional housing projects in the pipeline — in Salt River‚ as well as in other areas in Cape Town‚" he said. Herron said the city will also issue a prospectus for the development of five sites in the city...
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.