consistent growth in finance since inception proves that
our slogan “a Good Business, doing good” is embedded
in everything that TUHF does. All of TUHF’s
achievements and success can be contributed to all our
funders and clients. To name a few, in 2004, TUHF
secured an interest free loan from the National Housing
Finance Corporation of R50 million and established,
with the Gauteng Partnership Fund, the Inthuthuko
Equity fund which assisted in the financing of TUHF’s
first black entrepreneur, Isaac Chalumbira. In 2006
TUHF reported that approved loans had doubled
from the previous year and over 2000 units had been
financed. In 2009 TUHF expanded operations in
Gauteng and opened their first regional office in
Durban, in this year TUHF had extended finance to
over 100 entrepreneurs. The passing of the R1 Billion
mark in TUHF’s loan book was the highlight for 2010.
The opening of our second regional branch in Port
Elizabeth ended our year in 2011. In 2012, NHFC,
Futuregrowth and the Public Investment Corporation
committed R125 million of additional capital and
in the decade of operation TUHF’s number of BEE
clients exceeds the 100 count.
5. What is your vision for TUHF and the affordable
housing sector?
Our founding vision will always remain “to have a
R5 billion loan book and be a national organisation
serving all cities that experience urban decline
problems”. The underpinning principles to support
TUHF in achieving this vision is to operate TUHF
as a professional commercial property financing
corporation exhibiting best practice in everything that
we do. From financial administration, our corporate
governance and our world class IT system, we know
that TUHF is a best principle lender and that is beyond
question. The vision for the affordable housing sector is
to offer an alternative to the 40x40 mentality (meaning
40 square metres within 40km of the city). This means
that the affordable housing sector in the inner cities
should come with integrated residential development
opportunities based on established infrastructures,
www.reimag.co.za
improved and increased urban densities and in that
they should be close to economic opportunities and
social services such as schools, parks, hospitals and
clinics. The affordable housing sector should create
opportunities for individuals close to places of
work so that there is easy to access social services.
However, on an economic level, the affordable
housing sector should not create massive new
infrastructures but rather use and develop what
already exists.
6. Who is eligible to apply for funding from
TUHF?
TUHF targets entrepreneurs who live and or work
in inner cities areas. People who have taken the
time to do research to get a good understanding of
what is happening in the inner city market. TUHF
particularly targets people in the property industry,
this can include anyone from caretakers, artisans,
construction workers and property managers.
In addition to that TUHF targets people in the
safety and security industry such as f iremen,
nurses, teachers and other people who show an
understanding and ability to be able to handle the
multi facet aspects of real estate investment, like
technical, interpersonal and contractual components
but most of all, TUHF will finance any good project
in the inner city.
7. What does the next five years look like for
TUHF?
Over the next five years, TUHF’s focus will be on
completing the national expansion programme into
other inner cities within South Africa. TUHF also
hopes to have a substantial increase in our ability to
raise large volumes of debt finance from between
R700 million to R1 billion per annum, this will
assist TUHF to increase its operating capacity to
meet the proven demand for its products and services
and to continue to improve on its product offering.
RESOURCES
TUHF
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