Real Estate Investor Magazine December/January Edition 2024 | Page 100
“ Cities are built the way they are financed.” Philip Bertrand aptly stated. Unfortunately, public finance practices remain a significant barrier to well-located affordable housing.
Government budget allocations often operate in isolation, resulting in affordable housing developments- especially RDP housing- being pushed to the outskirts due to lower land costs. This perpetuates economic exclusion and places a long-term burden on the fiscus.