STRATEGIES
Changing The Inner City
TUHF leads the way
1. Please provide some background on TUHF?
In response to the evasive redlining and the urban
decline of the inner cities and particularly the inner city
of Johannesburg, the huge demand for rental housing
and the lack of available liquidity, TUHF was established
to take advantage of this opportunity. So in 2003, a
number of organisations including the National Housing
Finance Corporation,(NHFC) the Inner City Housing
Upgrading Trust and NURCHA pooled resources
to form TUHF and based on best lending practices
originally developed in close operation with Shorebank
Chicago USA, provided a platform for lending in the
inner city to landlords in the rental housing sector.
Today, TUHF has evolved into a financially viable
organisation.
2. What was your wow moment, the moment when
you realised that TUHF was going to work and be
able to change the inner city?
TUHF’s wow moment occurred in December 2004,
when after 1 [? ?R?Y???H???? ]?Y ?Y??X?Y[? ]X[] H[? ?Y??X?Y[? ?^?H ? ?X??] ??\???[???\?][?? ??] ??XZ?[?? ??Y? H??XZ?]?[?[?H\? ]ZX?? H[?\? ? ??? H\?]Y ?\?[ \? ?]Y?] \?H ?\?H ? ???[X[?????[Y\??X[ ??\? B?[?[??[?R??&\???\?[?? ?\??Y?[??[?? ? ??B?] \?X\??]? ? [?] H ?[?[?? H?[[???N???\?Y[?X[[????? ? L????]Y\??Y?H?[? [?H?]?H ??\?[?\??\????[??]R?\?[?[??\?Y[?? ? [?] O???^\?[??[??\??? ]\?H ?\]Z\?[??H??[Y\??X[??[?[??Y\?R???\?? Z[?XYH?[?[??X[ ?? ][??[?Y ?X?H?\?Y?[?\ X\??]???Y?K???\?\?R? ??Y\? H?\? ? ?X? \?Y[ ??[??X??Y?\? ?YY][??\?? ?\]Z\?[Y[? ??H\?H ?[??] ???Y[? H[??\??] H[??\????Y[??H[? ?]??H? ??Y\?H????\?\?? ?X????[??\?Y[??X?\?[???[??HXYK??? ???X?]?H[??\??? ^B????[?H???Y[?? H [?\? Z[??[X[?? ?[?[??\?[??[? H[??\??]Y\?H ?X[] H\? ]]\??\?Y??H][ H ?X??X???^H ?X?\??\? H\? L?YX\?? ZY[YY?[X[?[? H N [?] ? ]?R?\??[?[??Y ?[? ?\ ???^Y[???YH[???\?X??[?[??Y\?? HR? ??Y\?HYX[?????X?[??\??? ][]?\??\???[Y\??X[ ?] \???]X[?H[\X?[??\?[??] ?X?]\? ?X?\? \??[???Y?[?\?][???[???YH?\?[???X??X???ZX?[\??\?Y[? X??\?? ??[?[??H[?[R??&\?[??\?Y[? ?YY] H ?\]Z\?[Y[? ?? H?]? B??^?] Y?[?[??X[ ?\??X?\???K?? ?R?\??[X??][?? L YX\???x?'H?????\?[?\???[????? 8?'H ??YH]Z[ ?? ??YB??R??&\?X?Y]?[Y[? ?[? ?X??\??\??\? B?YX\???R?\?YH ?[X\??X?H?\?? L YX\??R??&\??˜?Z[XY????B??