Gauteng Premier David Makhura has announced that Gauteng township homeowners will be financially assisted to upgrade and even build backrooms. These rooms will be made available for rentals, with Makhura saying the number of people living in backrooms has almost doubled.
David Makhura has announced that the government will be financially helping township homeowners to build backrooms in their yards.
Speaking at his State of the Province Address, the Premier announced that they wish to help boost the fast-emerging market:
"The township real estate market is a fast-growing hidden component of the township economy that has enormous potential to empower people and it requires policy support. This is the potential to increase the asset base of township residents."
The provincial government will now be working with municipalities to develop partnerships to provide affordable loans to owners for the upgrades.
Gauteng government spokesperson, Thabo Masebe, says that a fund will be established to facilitate the initiative.
Land will also soon be released to people who have the funds needed to build their own houses, according to the Premier, reports The Sowetan:
"[What] we therefore need is action and collaboration between municipalities and the province to make available 100 000 serviced stands with minimum building standards, over the next five years."
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