GAUTENG PARTNERSHIP FUND
Empowering Communities : GPF ' s Comprehensive Housing Solutions Guide
Social Housing Fund The Social Housing Fund is tailored for social housing institutions requiring an equity injection , enhancing the debt-to-equity ratio for favourable financing terms .
Who Qualifies Any social housing institution or Project Special Purpose Vehicle ( SPV ) with a recognised legal form that provides rental or delayed ownership schemes to majority of families with household with monthly income less than R15 000 ( adjusted according to Consumer Price Index CPI ).
The institution must demonstrate to GPF that they have the technical resource capacity to successfully complete the project as well as efficiently manage the property thereafter . Under the Social Housing Fund , the GPF will invest a maximum 30 % of the total project costs .
Types of Projects funded under the Social Housing Fund
• Inner-city refurbishments or predominantly residential buildings .
• Company
Essential Documentation : What you need for a successful Application
• Comprehensive business plan ( Recommended business plan framework is available on request ).
• Company registration documents
• Essential Project information
• Copy of latest Audited financial statements
APPLY FOR FUNDING NOW ! Contact : Shiraaz Lorgat Tel : 082 603 2240 Email : shiraazl @ gpf . org . za
31 FEB 2024 Real Estate Investor Magazine