Real Estate Investor Magazine December/January Edition 2024 | Page 101
“ 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 .