Banker S.A. September 2013 | Page 46

THINKING OF INVESTING IN THE AFFORDABLE RENTAL HOUSING MARKET? 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 R15 000. Who Are We - Mandated by the Gauteng Department of Local Government and Housing 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 - T