SA Affordable Housing September / October 2021 | Page 12

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PROJECT
other opportunities to grow his portfolio and there is no shortage of ideas in and around the current area .
Moving into Boksburg was also a first for TUHF , who are committed to inner city developments . TUHF basically requires a 20 % deposit from the investor . In this case Leroy did not have the full 20 % deposit , so was referred to the Intuthuko Equity Fund ( IEF ), a unique inner-city finance initiative supporting previously disadvantaged individuals . This enables them to enter the property market and TUHF and IEF helps address the demographics of ownership of property in South Africa to drive the entrepreneurial spirit of inner-city rejuvenation and development .
• Total Investment – R 8.5 Million +
• Rental scope – R 3 800 to R 5000
• Occupancy – 100 %
• Completion period – six months
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The front and entrance .

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10 SEPTEMBER - OCTOBER 2021 SAAffordHousing saaffordablehousingmag SA Affordable Housing www . saaffordablehousing . co . za