SA Affordable Housing May / June 2018 // Issue: 70 | Page 39

1 Housing delivery has 1 declined. A critical gap is in working class housing (blue) 1 AFFORDABLE HOUSING MATTERS Housing delivery has Housing delivery has declined. A critical gap is in declined. A critical gap is in working class housing (blue) working class housing (blue) Kecia Rust ▪ Centre for Affordable Housing Finance in Africa - a division of the FinM Andrew Chimphondah of Housing Investment Partners. Kecia Rust ▪ Centre for Affordable Housing Finance in Africa - a division of the FinMark Trust Graph shows delivery of affordable housing over the years. Kecia Rust ▪ Centre for Affordable Housing Finance in Africa - a division of the FinMark Trust all customers who aspire for home ownership irrespective This conundrum requires a fresh approach through Kecia Rust ▪ Centre for Affordable Housing Finance in Africa - a division of the FinMark Trust of whether they qualify or not. innovation in housing finance instruments, which is The mortgage bond housing finance product in its imperative to ensure that qualifying demand (QD) is current form and structure cannot adequately address the increased to a level that ignites a supply of housing stock. low QD challenge. The QD currently sits at between 10% QD can be defined as the customers who can qualify to buy and 20% of the AD. The existing mortgage product has not a house because they have both a good credit risk profile been reviewed to introduce enhancements and innovation and are able afford the mortgage bond instalment. This can to tackle the core issues of affordability and bad credit risk. be compared with actual demand (AD) which is defined as 16 - 17 May 2018 Gallagher Convention Centre, Johannesburg, South Africa The musT aTTend show for the built environment BOOK YOuR sPaCe! [email protected] [phone] BeneFITs PROMOTE your products or services to over 9 500 attendees PARTICIPATE in Africa’s Contractor’s Corner and meet over 3 000 small and medium contractors GENERATE hundreds of leads in just two days NETWORK with key industry stakeholders with purchasing power Dedicated zones for: Concrete Construction www.totallyconcrete.co.za Digital Construction Mechanical, Electrical & Plumbing Smart & Eco Buildings Solar Surfaces & Finishes Tools & Equipment