Banker S.A. September 2013 | Page 18

feature Addressing the growing “gap” housing market Post democracy, government reviewed the apartheid housing policy framework in its entirety and adopted what was deemed international best practice. The two fundamental documents, which underpin the mandate of the Department of Human Settlements, are the New Housing Policy and Strategy for South Africa: White Paper, 1994 and the Comprehensive Plan for the Development of Sustainable Human Settlements, 2004. T he housing vision is to establish viable, socially and economically integrated communities, which have convenient access to economic opportunities, as well as health, educational and social amenities, in which all South Africans will, on a progressive basis, have access to: • Permanent structures; • Secure tenure; • Protection from the elements; • Privacy; and • Potable water, adequate sanitary facilities and energy supply. 16 BANKER SA Over the past 19 years, government’s success in addressing the housing needs of the most vulnerable is unparalleled globally. Noteworthy achievements include: • About 3.85 million capital subsidies have been approved, with approximately 3.4 million vulnerable families having received a subsidy (free) home (14.2% of the total number of households in South Africa). • 85% of households have access to energy. • 91% of households have access to piped water. • 95% of households have access to waterborne sanitation. • 93.6% of households have access to either landlines or cellular phones. Backlogs Despite these remarkable achievements, the housing backlog has increased over the past 19 years. There are still about 2 million households in urban areas alone that live in sub-standard housing conditions. Informal settlements have increased from 300 in 1994 to approximately 3 000 in 2013. Estimates for the number of households who earn too much to qualify for a free subsidy home but too little to afford an entry-level bonded home (the gap market) total approximately 3.5 million households or 24% of South Africa’s household population (estimated gap housing backlog 600 000 households). Population growth, household migration from rural to urban areas, coupled with smaller family sizes primarily accounts for government being unable to reduce housing backlogs. Unless there is a policy shift that creates a more appropriate environment for a substantial increase in housing delivery, we can expect housing backlogs to increase, especially as urbanisation is expected to continue to increase. Edition 7 Subbed Banker 7 Affordable Housing.indd 16 2013/10/15 12:08 PM