Tuesday, 07 March 2017 12:25

Making green affordable housing a reality

Nedbank Corporate and Investment Banking (NCIB) today announced that is has made the first disbursement from an innovative R120 million Sustainable Affordable Housing finance facility that was put in place through the collaborative efforts of Nedbank’s Affordable Housing Development Finance division, and South Africa’s Green Fund.

Richards Bay is one of South Africa’s fastest developing cities, with the country’s second biggest harbour and largest coal export facility in the southern hemisphere, stimulating rapid industrial and commercial expansion and in turn driving urban development. 

Nedbank Corporate and Investment Banking (NCIB) and the Green Fund which is managed by the Development Bank of Southern Africa (DBSA) on behalf of the National Department of Environmental Affairs (DEA), concluded an agreement to jointly fund the development of approximately 400 affordable green housing units in the Western Cape and Gauteng Provinces.

Recent studies suggest that while the demand for affordable housing is on the rise, affordability remains a barrier for millions of South Africans in this segment, resulting in renting increasingly becoming a more feasible option than buying.

Wednesday, 01 October 2014 11:11

Overcoming the affordable housing challenge

While there has been an increase in the volume of land coming on stream for affordable housing developments over the last few years, there are a number of challenges that need to be overcome in order to sustain this trend.

Watergate estate in Mitchell's plain continues on growth path

With over 900,000 people seeking affordable and social housing annually, and only around 25,000 new units becoming available each year, the market for affordable housing shows immense potential for investors.

The European Investment Bank (EIB), Europe’s long-term lending institution, has agreed to provide a further R2bn for investment in affordable and social housing in South Africa. 

Today saw the official launch of the Rugby development by the City of Cape Town, Nedbank and developer, Inframax.  

An effective public and private sector partnership between Nedbank, a local developer and the City of Cape Town has resulted in the development of much needed new affordable housing in the suburbs of Rugby and Silvertown. 

Page 1 of 3

Most Popular

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
 BRONWNY CORBETT
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

4AX listed Heartwood Properties reveals positive financial results

Sep 23, 2019
 JOHN WHALL
Commercial property development company, Heartwood Properties , has revealed a 30%…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 LESETJA KGANYAGO
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.