COMPANY PROFILE
Student Accommodation Fund The Student Accommodation Fund aids service providers needing additional funding for projects . Under this fund the GPF will invest up to 30 % of the total project costs . However , the GPF will provide 100 % funding for projects with a total loan exposure of R10 million or below .
Who Qualifies Any company or project Special Purpose Vehicle ( SPV ) with a recognised legal form that provides student accommodation that conforms to the norms and standards of the Department of Higher Education and Training ( DHET ).
• A company that can demonstrate access to unencumbered capital of a minimum of 10 % of total project cost as equity .
• The entity must demonstrate to GPF that they have the technical resource capacity to successfully complete the project as well as efficiently manage the property thereafter .
• A company with a minimum HDI shareholding of 51 %.
• Where the developer has 51 % black ownership share holding the following must apply ; A main contractor with > 51 % black ownership must be appointed and two professionals with more than 51 % black ownership .
Other guidelines
• The project must be located within a 5km radius of the targeted tertiary institution .
• Transport must be provided by the project promoter for any projects further than 1km or alternative public transport must be demonstrated to exist to cater for the students
• Priority will be given
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