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Crowds queuing for housing after subsidies announced in May 2013 (Source: www.angonoticias.com) Jacinto Figueiredo was aghast when he received his rent notice for last October, requiring him to start paying off more than a year of debt arrears by doubling his monthly rent. Mr. Figueiredo expressed the worry of most of the twenty thousand families now resident in the famous Kilamba New City, Africa’s largest Chinese-built housing project. “They can not make residents pay two months simultaneously! That’s too heavy for us …. we may have to take the management to court”. The Kilamba project became the show-piece of Angola’s…

July 29, 2016 | No Comments

The Finance Linked Individual Subsidy Programme (FLISP), is a South African government initiative administered by the NHFC, for households in the ‘gap’ market—those earning between R3,501-R15,000 a month. FLISP is intended to assist these households in accessing housing, through a contribution by government that ultimately reduces their monthly bond repayments. This subsidy is available for individuals who have never benefitted from a government housing subsidy scheme, are first-time home buyers, have financial dependents, among other criteria. Based on the applicant’s gross monthly income, the once-off subsidy amount can range between R10 000 and R87 000, houses acquired with the subsidy may not…

July 27, 2016 by Debra Erb | No Comments

See the original post on the Developing Smart Cities website. In my 13+ years at the Overseas Private Investment Corporation (OPIC), I have vetted hundreds of housing construction projects for possible debt financing. They cover the full range of housing sector specialities, including land development, construction (single family and high rise), mortgage finance, multifamily/rental properties, mortgage insurance, securitisation, manufactured housing systems and land title systems. Many prospective project developers come to the process unprepared despite a wide array of public information available on financing real estate projects. However, there are special factors that come into play when requesting financing from…

This is an extract from a post by Eighty20, which you can find on the Eighty20 website. To read the submission to the Western Cape Government on Tafelberg by the Centre for Affordable Housing Finance in Africa, click here . The furore over the sale of the Tafelberg site by the Western Cape Department of Public Works has highlighted key issues regarding affordable housing and integration. The debate has highlighted how poorly equipped we are at visioning a housing future outside of the relatively static parameters of our housing policy. That policy could be characterised as one that sees the state providing for…

July 22, 2016 | No Comments

Next week, governments from around the world will meet in Surabaya, Indonesia, to discuss the current draft of the New Urban Agenda – the main document that will emerge from Habitat III, to be held in Quito, Equador, in October this year.  The current version of the document, “Zero Draft Revision 18 July 2016” has evolved from a first draft prepared by UN Habitat and debated in informal consultations in New York. The revised draft will be formally discussed by governments at the Habitat III Preparatory Committee meeting in Surabaya, Indonesia next week, 25 – 27 July. If it is…

July 20, 2016 | No Comments

The Socio-Economic Rights Institute (SERI) of South Africa is launching three publications on 29 July 2016 in Johannesburg, South Africa: Johannesburg Inner City Alternative Accommodation (Community Practice Notes Series 2) Informal Settlement Relocation (Community Practice Notes Series 3) Affordable Public Rental Housing (Policy Brief) View the image below or visit the SERI website for more information.

July 20, 2016 by Kgomotso Tolamo | No Comments

We recently visited Malawi and took part in the AUHF’s (African Union for Housing Finance) Seminar on housing finance in Malawi, this seminar was held in partnership with AUHF member, Select Africa Malawi. We also took part in Reall’s (Real Equity for All), Stakeholder Group Meeting, which took place between 11 – 14 April 2016, in Nkopola. During the AUHF seminar,  CAHF’s executive director, Kecia Rust, presented some key housing and housing finance facts and figures specifically for Malawi. A quick Google search for ‘Lilongwe housing’ reveals some interesting housing types, some built more formally, with bricks, mortar and titled…

June 15, 2016 by Kecia Rust | No Comments

Photo: Mary-Anne Gontsana The challenge of managing and putting to best use state property assets has been put into sharp focus with the recent debate over the Tafelberg property in Sea Point, Cape Town. At issue is whether (and how) state land should be used to further objectives of social integration, so critical to the transformation of our society and our capacity to overcome our apartheid legacy of spatial segregation. The problem (and opportunity), in this case, is that the land is valuable – extremely so. How can this value be used towards the benefit of the province so that…

June 15, 2016 | No Comments

Extract from Issue 51 of the African Union for Housing Finance newsletter: Dialogue forms an important part of developing Africa’s housing finance sector; considering the multifarious issues that need to be overcome to make housing finance markets work, it is essential that experiences are shared, that organisations work together, and that the private sector and public sector speak to each other. At the 7th Global Housing Finance Conference, hosted biannually by the World Bank and AUHF member, the International Finance Corporation (IFC), stakeholders from across the world assembled to discuss how to increase access to adequate and affordable housing. The AUHF Chairperson,…

The African Union for Housing Finance (AUHF), an organisation CAHF works closely with, is an association of 50 mortgage banks, building societies, microfinance institutions, housing corporations and other organisations involved in the mobilisation of funds for shelter and housing on the African continent. This year, the annual AUHF conference will be held in Abuja, Nigeria, 14 – 16 September 2016. Click here to go to the conference website Housing and Africa’s Growth Agenda 32nd Annual AUHF Conference and AGM 14 – 16 September 2016 | Abuja, Nigeria Affordable housing delivery to meet an ever increasing demand presents a tremendous investment…