SA Affordable Housing March / April 2018 // Issue: 69 - Page 36

PROJECTS All units are neatly finished with modern bathrooms. the segments of the target market and, while the rent is capped, there is annual escalation in line with the consumer price index. He continues, “The aim of the Social Housing Framework was to service a market which is not catered for within open market accommodation and BNG (RDP) developments. By expanding the Social Housing Framework, the Department of Human Settlements aims at catering for low income earners that aren’t necessarily catered for because of low affordability.” MATLOSANA GARDENS UNITS COME WITH: • Property management with several building managers to monitor maintenance and ensure that the units comply with social housing guidelines. • Biometric access control with two entrances. • Two fully fenced precincts for added safety and security. • Fenced crèche with a centrally located play area. • Laundromat and a tuckshop located near the crèche. • Prepaid water and electricity. DESIGN SPECIFICATIONS Matlosana Gardens, once complete, is the result of a strategic partnership between an IHS managed Fund and Instratin Properties. This multi-storey social housing development is one of the first ODA projects approved by SHRA, with a development cost of R390-million and comprises 1 168 units ranging from bachelor units to one-, two- and three-bedroom apartments. The first 480 units were released for occupancy over phases starting December 2017 through to March 2018. If all goes according to plan, the balance of the units will be released for occupation in May 2018. BREAKDOWN OF UNITS ON OFFER NO. OF UNITS SIZE (m 2 ) Bachelor 352 30 1-bedroom 60 34 2-bedroom 696 42 3-bedroom 60 48 1 168 Matsolana Gardens is a multi-storey social housing complex. See more on page 36. 34 MARCH - APRIL 2018 AFFORDABLE SA HOUSING