GPF: Funding Opportunities for HDI Property Developer in the Affordable Housing Market

About the Opportunity

The Gauteng Partnership Fund (GPF) is the ideal partner for companies seeking to develop affordable residential properties for rental to cater for households with income up to R20 000 adjusted annually by inflation.

Mandated by the Gauteng Department of Human Settlements to catalyse the funding and development of integrated and sustainable human settlements, the GPF has leveraged over R2.2 billion in private sector funding for developers and investors in the affordable housing market. The GPF seeks to share financing risks with debt funders and developers for integrated sustainable human settlements projects.

Opportunity exists

To partner with Gauteng Partnership Fund (GPF) by participating in a dedicated Entrepreneur Empowerment Property Fund – This programme aims to assist emerging black owned companies to enter the affordable housing rental market. The GPF wants to hear from you.

Criteria:

If you are a company with:

Companies with HDI 100% shareholding, HDI women and youth owned applicants are encouraged
A potential project that can yield a minimum of 15 affordable housing units in Gauteng;
Equity contribution of minimum 5% of total project cost;
At least 75% of professionals and contractors must have majority HDI shareholding;
Applicants who are first time property entrepreneurs are encouraged;
First time property developers will be limited to a project with the maximum total project cost of R20 million