Use abandoned buildings to address housing backlog: Bathabile Dlamini

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'People want to live closer to work environments where they have access to transport ... Covid-19 and job losses have affected affordability,' said Mandu Mamatela from the National Housing Finance Corporation.

“This is despite all the efforts being made by government and the entities. People want to live closer to work environments where they have access to transport. Affordability is a problem and because of Covid-19 and people losing their jobs, this has affected affordability.”

Mamatela said economic conditions were not favourable because of slow economic recovery. This, she said, had been worsened by the coronavirus pandemic. “The backlog [in housing] is estimated to be 2.3 to 3.7 million, and this is growing at 178,000 per annum.” Mamatela said in the cities there was a lot of migration and the demand for housing was rising. “A total of 46% of the household market are earning below R3,500 and this is the market that qualifies for RDP houses. Thirty-seven percent of households are earning between R3,500 to R20,000. They are not eligible for the RDP, but this is the market that the private sector views as risky, because they cannot afford [homes] and this is the market we are aiming for.

Responding to Semenya, deputy minister Pam Tshwete explained that there is an acting CEO because the contract of the previous CEO had expired. “We are in the process of filling that position. The advert for the position of the COO has been released and it is closing on May 3 2021.”

 

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Use abandoned buildings to address housing backlog: Bathabile Dlamini'People want to live closer to work environments where they have access to transport ... Covid-19 and job losses have affected affordability,' said Mandu Mamatela from the National Housing Finance Corporation.
Source: SowetanLIVE - 🏆 13. / 63 Read more »