SA Affordable Housing September - October 2016 // Issue: 60 | Page 27

THINKING OF INVESTING IN AFFORDABLE RENTAL HOUSING IN GAUTENG? CONSTRAINED BY FUNDING CHALLENGES? The Solution - 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 R18000. Who Are We - Mandated by the Gauteng Department of Human Settlements to accelerate the provision of 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 affordable housing projects. Opportunity exists - To access GPF funding that aims to assist rental housing developers by leveraging private sector funding into affordable housing rental market. The GPF funding enhances the bankability of projects to enable senior lenders to finance on favourable terms. Please quote reference number 0029 when speaking to a GPF representative. For more information or to apply for funding contact Phetsile or Renata: Maki: Tel: [phone] or Email: [email protected] Web: www.gpf.org.za