Cape Town: New affordable housing development in Goodwood are now officially open to 1055 tenants and will provide quality rental homes for low-income families.
The City of Cape Town welcomed the latest group of tenants at the massive 1055 unit Goodwood Station social housing partnership project. It is a new well-located affordable housing development, which is valued to be more than R500 million.
The purpose of social housing is to provide good quality rental housing in well located parts of the City of Cape Town at the rentals that are affordable to households earning which are less than R22,000 per month.
The City of Cape Town has provided grant funding, as well as land for parking along with various rate discounts and incentives to enable a viable social housing project at the Goodwood Station. The project is a partnership between all spheres of government that includes the city, National and Provincial Departments of Human Settlements, also the Social Housing Regulatory Authority (SHRA) and DCI Community Housing Services (for which the social housing institution is undertaking the development).
The project also includes the Passenger Rail Agency of South Africa (PRASA) and the Development Bank of south Africa (DBSA) Infrastructure Fund, among others.
Member of the Mayoral Committee for Human Settlements – Councillor Carl Pophaim said that the city continues to leverage a well-located land across the metro for affordable housing initiatives. In under two years, various municipal-owned properties, with a yield of more than 4,200 units have already been released as a part of Mayoral Priority Programme to accelerate land release for affordable housing.
The overall city has some 12,000 affordable units in the pipeline. Thousands of families are already tenanted at various well-located developments around the metro, that is right here in Goodwood, nearby in Bothasig Gardens, Maitland Mews in the inner city and the Western Cape Government’s Conradie Park development in Pinelands.
The city has further released the several inner city land parcels for affordable housing that includes Salt River Market, Pine Road, Dillon Lane and New Market Street in the Woodstock and Salt River areas.
Notably, all of these affordable rental units are close to economic and transport hubs. “We are truly changing the metro, one affordable housing opportunity at a time, for families in various areas across the city. It was an honour over the keys to these brand new beautiful units to these families,” added Carl Pophaim.