Plans to close Cape Town housing gap

2014-02-04 19:58
(Shutterstock)

(Shutterstock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - The Cape Town mayoral committee has proposed that plots of city-owned land be sold at reduced rates to help close the housing gap.

Councillor Tandeka Gqada said the recommendation was made to the city council on Tuesday.

"As a caring city, it is not only important to provide housing opportunities as a means of achieving redress, but it is also vital to enable previously disadvantaged residents to own an immovable asset," she said in a statement.

Only the applications of people earning between R3 500 and R15 000, who have not previously bought or acquired residential housing, would be considered. They would also need to be first-time home owners.

"This market segment has been grossly neglected in the past... Ownership is true economic empowerment," Gqada said.

Depending on the size of the plot, the prices were expected to range between R19 000 and R27 000.

The land under consideration comprised 88 serviced plots in Makhaza, Khayelitsha, and 64 plots in Atlantis.

- SAPA
Read more on:    cape town
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

40% off top appliances!

Save 40% on the top 10 appliances on kalahari.com. While stocks last. Shop now!

Save 20% on Camping gear!

Buy 4 camping items and save 20%. While stocks last. Shop now!

Fifty Shades of Grey!

This great read will captivate you from cover to cover and leave you itching for more. Get your copy now!

20% off braai items!

Save 20% when you buy 2 braai items. While stocks last. Shop now!

30% off Pampers!

Save 30% when you buy 3 or more selected pampers products. While stocks last. Shop now!

Horoscopes
Aquarius
Aquarius

You are on form and you may like an audience to share your ideas and concepts with. Drama and creativity flavour your...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.