May 12, 2006
By Shamin Chibba
PEOPLE from across the country flock to the city of gold in search of a better life and, in a bid to cater for them, the Johannesburg Housing Company (JHC) is completing the final phase of its Brickfields Housing Project.
Phumulani, the name for this phase, comprises about 200 units, and the R32-million set aside for it will bring the total investment in the Newtown housing project to R121-million.
According to Dombolo Masilela, the JHC's marketing communications manager, the company had been developing the flats for Phumulani since August 2005.
"It is currently being completed. The first tenants moved in on 1 May," she said. "We are targeting people who earn less than R3 500 [a month] as we got government subsidies injected into the [project's] capital."
Masilela added that the JHC could not run behind schedule on its projects as there was a continuous demand to develop houses and flats. The JHC has already renovated 22 buildings in the Johannesburg CBD, Hillbrow and Berea and has given homes to about 8 000 people.
Other groups involved in the Brickfields Housing Project are the Gauteng housing department, the Gauteng Partnership Fund, Anglo American Corporation, Absa, ApexHi and Anglo Gold.
The National Housing Finance Corporation, which is owned by the national government and focuses on finance in the housing market, has contributed R25-million to the development, while Joburg has provided the land.
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