Cape Town Community Housing Company -
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Tel Number:+27 21 552 1780 Fax Number:+27 21 552 1791
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Tijger Park 3, Ground Floor, Willie van Schoor Avenue, Tygervalley, 7530
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Cape Town Community Housing Company News

Future Cape Town unpacks affordable housing

According to Future Cape Town, affordable housing entails housing units that are affordable to a section of society whose income is below the neighbourhood's median or average household income.

“However,” says Future Cape Town director Rashiq Fataar, “affordable housing comprises various types of housing.” The four affordable housing types found in government policy, local government developments and some of the national government frameworks around human settlements are: gap, transitional, social and inclusionary. Gap housing The City of Cape Town defines gap housing as subsidies and products provided by government and financial institutions to enable households with a monthly income of between R3,500 and R20,000 to purchase property.


According to the city, transitional housing is temporary housing afforded to individuals and households which helps them prepare to transition to more permanent options. It is recognised that, because of the shortage of alternatives for low-income households, some are likely to remain on a semi-permanent basis.


The city describes social housing as state-subsidised rental housing for households with a monthly income of less than R15,000 that is developed and operated by an accredited social housing company or institution otherwise known as SHIs.

Inclusionary housing:

Future Cape Town’s explanation of inclusionary housing is that it is housing developed by the private sector for a market that would not have had access to the development and/or the area within which the development takes place. National and local government have admitted that they lack the resources to tackle the country’s housing issues alone, which possibly makes inclusionary housing the most viable option. One way that developers are able to contribute, whilst still ensuring the profitability of their projects, is through securing additional development rights from the city for free. Julian Sendin, a senior researcher at Ndifuna Ukwazi – an activist organisation and law centre working to advance urban land justice – says: “Inclusionary zoning is a basic intervention used by top cities around the world to ensure that private developers build a fair amount of truly affordable housing in exchange for additional development rights.” Up until recently, social housing was seen as the only way to retain housing units as affordable in perpetuity. However, inclusionary housing might provide a better alternative as these homes are purchased and not merely rented, thus promoting ownership. In order for South Africa’s cities to truly become inclusive, integrated and transformed, affordable housing in urban areas needs to not only cater for lower income earners, but must also incorporate the middle income market (earning between R15,000 to R45,000), who are also unable to afford to live in well-located urban areas. Doing so will ensure that more people from a mix of income brackets benefit from urban opportunities.

Article extracted from Bizcommunity -

Arbor Week Sept 2016

Team CTCHC was out in full force for Arbor Week 2016. Together with the sponsorship of the Department of Agriculture, Fishing and Forestry, the team grouped together to donate 20 beautiful trees to the Woodville Primary School in Mitchells Plain. The trees were warmly welcomed by the school principal Mr Keith Riddles who has committed to looking after these trees and to see them grow to full health. The pupils of the school merily joined in the festivity of planting trees and learning about giving back to mother nature. CTCHC is a residential property developer that is committed to building communities and building partnerships but above all building a better future in mother nature. We would like to give a special thanks to everyone who came out to get their hands dirty for a worthy cause. Well done Team CTCHC....

Cape Town Community Housing Company brings Harmony to Mitchells Plain

Harmony Village has just been honoured with the Govan Mbkei award for the Best Institutional Housing Project in South Africa. The sizeable development comprises 850 free hold housing units which restored dignity and levelled empowerment for hundreds of marginalised families due to an innovative financing structure.


Officially launched by the MEC for Human Settlements, Mr Bonginkosi Madikizela on 16 May 2013, Harmony Village is truly a jewel in the crown of institutional housing projects. The project was implemented over 28 months. The development comprises of 850 units in total of which 741 are double storey units and 109 are single storey units.  Unit sizes range from 42m2 for single storey and 48m2 for double storey units respectively.   Households with a joint monthly income of between R3,000 to R3,500 were targeted.

Handy checklist when buying property

14 Aug 2014

In today’s property market, buyers who are looking to purchase a home - whether to upgrade, downsize or simply enter the market for the first time - need to have a well thought out strategy and game plan.

 “It is challenging to achieve a goal without having a clear idea of what it is you want and where you would like see yourself in the future,” says Adrian Goslett, CEO of RE/MAX of Southern Africa.

He offers potential home buyers a few tips to keep in mind when looking to purchase a property in the current competitive market environment:

Assess your needs and have realistic expectations

Goslett says that before buyers even start looking at properties, they need to know what it is they need. “This is the reality check of the buying process. It could take a bit of time and planning, but it is important to sit down either alone or with the other family members who will be living in the home to decide exactly what the essentials are and what can be compromised on. Make a list for consideration of all the things that the new home should have, such as the number of bedrooms, size of the garden, location or proximity to your work or children’s school.” 

He says that once a buyer has a clear outline of what they are looking for, they should look at what has sold over the past six months that fits their requirements. That will provide a guideline to what they can expect to pay for a home that meets their criteria. If the price range is above what the buyer can afford, it might mean waiting or reassessing the list of requirements. “An estate agent working in the area in which the buyer is interested in purchasing, will be able to provide them with average house prices and all the necessary information regarding the property for sale in the area that will fit their needs,” says Goslett. 

Get home loan pre-approval

Getting pre-approved means that a bank, bond originator or financial institution has given the buyer an amount that they are willing to finance based on the information that the buyer has provided, explains Goslett. "During the pre-qualification process a full credit assessment and risk analysis will be performed on the buyer’s financial credentials. Once complete, the bank or bond originator will provide the buyer with a pre-approval certificate, which holds more weight in property negotiations and can speed up the process.”  

The pre-approval certificate will cite the bond amount, along with the interest rate on the loan and the monthly repayment amount. Goslett says that it is important to note that the final approval may be subject to a number of factors such as the bank’s property valuation and a signed offer to purchase.

For pre-approval buyers will require the following documentation:

·   Latest payslip
·   Proof of identification
·   Three months' bank statements
·   Other relevant documentation will depend on the financial institution

Make a fair, market-related offer

According to Goslett, market conditions currently tend to weigh in the seller’s favour with inventory of property in short supply.

“A year ago buyers could have got away with putting in a cheeky offer, but we are seeing a shift in the market and sellers are not accepting offers that they do not see as fair and market related."

He says today there are more and more buyers wanting to purchase property, with fewer properties available making it an extremely competitive environment. "Buyers who make offers below market value will more than likely not get the property. Buyers need to present a fair offer that is within their price range, providing some negotiation room on both ends.”

He says bearing these tips in mind will provide buyers with an excellent guideline to ensure they can successfully navigate the property market and find the right home to meet their needs.

Source: Property 24

Mandela Day 2014

Once again team CTCHC has braved the cold to do their bit for society. Two years ago on Mandela day the team did a revamp the the Calitz family house. Mr and Mrs Calitz are both disabled and have very little help in keeping their home in good repair. The team puuled together this year with doing a spring clean in winter. The house was left shiny clean at the end of the day. Finally the couple were handed some warm blankets but best of all they were handed the title deed to their very own home.We wish Mr and Mrs Calitz very well in their golden years. CTCHC is aware that Mr Calitz is not in good health so ask that God bless him with the strengh to overcome his challenges.

Home loans and buying property


Estate agents report that banks appear to be gaining confidence in lending, which is good news for all buyers, especially first-timers.

Banks are confident in lending which bodes well for all property buyers, and home loan dependent buyers have made a comeback to the Cape market.

According to Pam Golding Properties (PGP) managing director for the Western Cape region, Laurie Wener, in the past few months, they have seen a noticeable return of mortgage-dependent buyers to the Cape’s residential property market.

She says after a long period in which PGP has seen concluded transactions mainly dominated by cash buyers, in late 2013 and early 2014 there has been a resurgence of buyers entering the market with bond finance required to secure their purchase. However, this has not diminished the number of cash buyers still active in some areas.

Wener notes that these mortgage-dependent buyers are mainly buying homes priced between R3 million and R8 million with a typical loan to value ratio of around 50 to 60 percent.

They are family buyers, both existing Capetonians and those relocating from up-country provinces, who want to buy close to good schools, and in established suburbs such as the Southern Suburbs and Atlantic Seaboard, as well as the Western Seaboard, where the beachfront lifestyle and value for money are seen as key appealing factors.

“The surge in mortgage-dependent buyers is a sign of confidence in the recovery of the residential property market, as well as indicating a slight easing of financial institutions’ lending criteria,” she says.

Meanwhile, April data from ooba shows that now is the time for first-time buyers to get into the property market.

At least 55 percent of the mortgage originator’s total home loan applications were from first-time buyers - the highest ratio on record.

Data reveals that the Average Purchase Price was R947 189 and continued to show steady year-on-year (y/y) growth of 4.2 percent with the First-time Buyer’s Purchase Price recording a 9.6 percent y/y increase to R743 053.

The Average Approved Bond Size of R803 811 recorded y/y growth of 5.5 percent and the Average Approved Bond Size of First-time Buyers at R658 643 is 9.6 percent higher y/y – ooba’s Approval Rate remained high at 74 percent, indicating that ooba continues to secure an approval for more than seven out of ten home loans that it processes.

Rhys Dyer, ooba chief executive officer, says data shows a healthy lending environment and growing property market.

“This is particularly relevant for first-time buyers, at a time when lending conditions are favourable, interest rates are still low – despite the recent increase – and there is further potential for property price growth in this bracket,” he says.

Shaun Rademeyer, BetterBond Home Loans chief executive officer, points out that despite the fact that home loan applications can be made online, many home buyers still prefer to use estate agents, mortgage originators and consultants to guide them through the actual buying process in a series of personal interactions.

Rademeyer says this suggests an increasingly relevant role for originators as the interface between potential borrowers and lenders – and especially for those who can successfully combine ‘old fashioned’ personal service with the speedy responses enabled by superior technological capabilities.

Mortgage originators, he points out, experience a much higher rate of growth in the value of home loans they are able to get approved than the national rate of growth in mortgage lending as stated by the Reserve Bank.

“The national rate stood at an annual 2.9 percent at the end of March and by contrast, our figures show that at the end of March, we had achieved a 9 percent y/y increase in the total value of the loans for which we secured approvals.”

Originators are successful because they are often able to ‘rescue’ applications that have been declined by borrowers’ own banks and get them approved by a different institution.

Furthermore, he says would-be buyers ask a lot of questions and need a real person to respond and they also want someone to motivate their individual application and submit it to multiple banks if necessary, and if they get several acceptances, they want help to choose their best loan option, he adds. – Denise Mhlanga – Property 24  

Harmony Village Mitchells Plain - Phase 2 under construction

Its full steam ahead with Harmony Village Mitchells Plain, CTCHC's newest Subsidy assisted housing project. The project commenced in January 2013 and to date more that 400 beneficiaries have been approved to obtain a new home. There are still more than 400 opportunities for beneficiaries to take advantage of as the project consists of 850 units in total. Phase 2 is well underway with more than 200 units in different stages of construction. Is is the intention of CTCHC to complete these units and move beenficiaries in over the following 2 - 3 months. The first units were handed over by the Honourable Minister Madikizela in September 2013. For more info regarding other phases please contact client services on 021 552 1780.

Nelson Mandela Day 2013


Mandela Day: 18 July 2013

 It was that time of year where we celebrate the birthday of our country's greatest icon. It was a day of giving at CTCHC. Management and staff braved the cold and travelled to The Heaven night shelter in Woodlands Mitchells Plain to bless them with some warm food, groceries and something sweet for the littel ones. Staff of CTCHC even did the HOOLAH HOOP with the kids.


The Shelter is run by Mr and Mrs Morris and is a safe haven for abused women and children, abandoned children and some homeless and destitute people.


The couple were given a building that was previously used as a small community centre. The building was vandalized and derelict at the time so the couple had to get it habitable through various donations from organizations and the community. They now have a building that is suitable but still requires a lot more maintenance.


The couple is working very closely with the police, welfare centres and hospitals in order to make provision for these destitute people and act as a transition facility. As is the case many of these individuals even after one or two years still don’t have anywhere to go.


The Morris family has a very difficult task in keeping the boat afloat as all they rely on at the moment is donations from the community, the next door bakery and some shops occasionally give vegetables and some dry foods.


CTCHC would like to extend a special thanks to all the hands and donations that helped to make this day happen. A special thanks to Mr Ashraf Parker of A Parker and Associates for the awsome groceries donation, Filcon Projects for providing a hot meal on the day and Mrs Geyer of West Cape Villas for preparing the food.


Power to giving.........


GAP housing enhances wealth creation (source property

The latest research into the provision of affordable housing in the so-called gap market in South Africa shows that it not only brings with it improved welfare and social cohesion, but is also an important facilitator of opportunities and wealth creation.The study found that those who obtain homes in this sector move beyond viewing them as a mere shelter.Instead, their homes become assets and through appreciation of these assets entrepreneurship, job creation and/or access to higher levels of education are stimulated.


The research was conducted by a team led by University of Cape Town associate professor Francois Viruly.It is the second such study commissioned by International Housing Solutions (IHS), a global private equity investor which has pioneered the financing of numerous affordable housing projects in South Africa with a total value of almost R8 billion to date.


The primary focus of the research was to assess the direct and indirect benefits to tenants and owners of housing units provided by IHS, to assess the social and economic benefits of living in developments like these which are changing the face of SA suburbs.The study also aimed to establish whether such affordable housing developments meet the objectives of government policy regarding sustainable human settlements.


The research was expanded this year to include some 500 households across more than twenty different developments.The survey also considered the views of students who this year made up 17 percent of the respondents.


Affordable housing refers to households with an income between R3 500 and R18 000 per month.People in this segment earn too much to qualify for government’s low-cost subsidised housing and too little to afford the cheapest standard private sector houses or to qualify for bonds. This is why it is known as the gap market.The report points out that according to Absa’s March 2013 House Price Index report, small houses (80-140 square metres) have the highest price appreciation at 17.5 percent nominal growth annually.


Houses in this category (and smaller) make up the majority of IHS units with households falling in the affordable housing band having incomes of between R7 500 and R15 000 per month.Among the major reasons listed by respondents for moving to an IHS funded development was a desire for better access to their places of work, an improved and safer environment, proximity to schools, and financial considerations.


This year’s study also corroborated last year’s findings that the construction of houses in the affordable housing developments of IHS created over 51 000 direct and indirect jobs.


Looking at the welfare improvement of respondents, the study found that overall 72 percent thought their quality of life had improved while only 3 percent of respondents believed their life had worsened to some degree.The biggest improvements were noted in respect of leisure time, social life, health, access to education and employment opportunities. An important factor impacting on people’s decision to move to one of the developments included in the research was the ongoing discriminatory impact of apartheid-era spatial planning on household transport spending.


In Gauteng, research shows people spend 21 percent of their income on transportation, which is among the highest in Africa and more than double that of most other major African urban areas. Commenting on the research findings, IHS managing partner Soula Proxenos says while government’s RDP housing initiative has been a unique and successful programme, there was a need to fix the whole housing spectrum.


“Housing is like a ladder, if there are rungs missing, the ladder is broken.” Proxenos says creating housing stock in the gap market gives previous RDP households housing to move up to. If there is nowhere for these families to go to then they are not able to improve their lot and new families then are not able to move into previously used RDP housing. 


“Government cannot fix the whole housing ladder and the gap market is ripe for private sector development, especially of the right kind of sustainable initiatives which allow more people to join the formal housing ladder in the affordable housing sector”. She says traditionally housing in the lower end of the market offered only a shelter role, but housing in the affordable sector enables a broadened role.


“Housing becomes an asset that appreciates, stimulates economic activity and creates wealth. In the USA it is the single biggest source of funding for new business creation.” She points out that the units play a role as a financial asset and a majority of those interviewed during the research believed the value of their assets had indeed increased. Viruly says that increasing the affordability of housing as an asset together with the appreciation of this asset should in turn stimulate increased entrepreneurial activity as well as access to higher levels of education.


According to the Global Entrepreneurship Monitor Extended Report – 2011 published last year, 9.1 percent of adults aged 18 to 64 in South Africa are involved in early-stage entrepreneurial activity with 2.3 percent being established business owners compared to 12.3 percent and 9.1 percent respectively in the US. Increasing entrepreneurship in South Africa through affordable housing will also lead to increased employment as entrepreneurship has been shown to be a key contributor to job growth globally. In the US it has been the primary source of job growth for the past 30 years.


This year’s study also corroborated last year’s findings that the construction of houses in the affordable housing developments of IHS created over 51 000 direct and indirect jobs. Over the 10-year life of the IHS fund some 100 000 man years of employment will have been created.


During the past two years affordable or gap housing was given increased prominence by government. Various programmes and subsidies have been established and many related issues – also those covered by Viruly’s research – are included in the National Development Plan. Government’s “Breaking New Ground” policy is focused on increased housing delivery; housing as an asset, creating sustainable human settlements where housing developments are integrated with social infrastructure, creating employment; and creating social cohesion.


Viruly’s research supports government findings that massive urbanisation was constantly adding to the housing backlog which includes the gap market. Gauteng’s population, for instance, could increase by a further 10 million people over the next 30 years. A specific need for affordable housing for the urbanised and urbanising middle class has thus been identified, which government alone cannot address and for which private sector participation is crucial.

Mountain View Villas sod turning 7 May 2013

On Tuesday 7th May 2013, Cape Town Community housing Company (Pty) Ltd hosted the sod turning ceremony of Mountain View Villas in Maitland. The ceremony was held at the already blooming development and was attended by Honourable Minister Bonginkosi Madikizela (Provincial Minister of Housing – Western Cape) as keynote speaker, Councillor Thandeka Gqada (City of Cape Town Mayco Member) Councillor James Slabbert (Human Settlements portfolio Committee Chair Person), Coucillor Anwar Adams (Human Settlements Western Cape) and Mr Samson Moraba (CEO of National Housing Finance Corporation and Chairman of CTCHC).


The sod turning symbolizes the coming of new things. Where there once lays barren land, this event announces that the soon to be completed Mountain View Villas will provide much needed dwelling to the people of the Western Cape.  The sod turning is a milestone proving to all that with strong partnerships great things can be achieved.


The 300 unit secure complex is situated a mere 6km from the City Centre and boasts an array of amenities such as three primary schools, two high schools, medical centres and shopping centres all within a 3km radius. The land has been subsidized by the City of Cape Town so prices start from as little as R299 000 incl of Vat and all costs.


The first phase is estimated to be handed over to owners by October 2013 and the whole complex is scheduled for completion by March 2014.


To find out more about the development and what is for sale, go to the CTCHC homepage, click on the GAP Housing tab and select Mountain View Villas.