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011 023 7588
Est 2009
Wrapped Edition
Issue 8 - 2019
Tel : 011 023-7588 / 011 402 - 1977 Inner-City Gazette
Fax: 086 609 8601
28 February - 7 March 2019
Email : info@inner-city-gazette.co.za
inner_gazette
Website : www.inner-city-gazette.com
072 824 3014
Inner City Gazette
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Housing for low-income earners The City of Joburg is to compel private-property developers to dedicate 30% of their new developments to low-income earners. This applies to all developments built in areas within the jurisdiction of the City of Joburg’s municipality. The city adopted their inclusionary housing policy last week and the isolation of low-income earners
from the city will soon be a thing of the past, officials insist. The goal of the policy is to do away with inequality by ensuring the integration of people who fall into different income brackets and different race groups into the city centre. This should have an ongoing effect into the inner city’s amenities and businesses as well as on job op-
portunities. The policy will apply to developers who will have developments of 20 residential units or more. The policy does not limit the accommodation of low-income earners to specific areas only, which means that developers who take up projects in more affluent areas of the city of Joburg will still be com-
pelled to abide by the policy. According to Moneyweb, some property developers were critical of the policy. The South African Property Owners Association lamented the city’s disregard of the concerns they had brought forth at the proposal of the policy last year. Property developers have four options for inclusionary housing
to choose from, including setting aside 30% of the entire development to social housing, financelinked individual subsidy (Flisp), or capped rent. With this last option, the city says rent will be capped at R21,000 (in 2018 prices) for people earning R7,000 a month or less. The policy will be effective as of May 2019.