The Gauteng Partnership Trust, trading as the Gauteng Partnership Fund (GPF) is a Trust which was established in 2002 by the then, Gauteng Department of Housing. It is listed as a Schedule 3C public entity under the Public Finance Management Act (PFMA). The GPF is further governed by its trust deed.
On inception in 2002, the central mandate of the GPF was to “resuscitate the social housing market with a focus on rental housing in Gauteng”.
In 2008 and beyond, this originally narrower definition has been operationally expanded and broadened by the Board and DLGH to enable the GPF to operate across the whole affordable housing value chain; the goal being to facilitate, catalyse, secure and optimise investment into affordable housing within the Gauteng Province, in support of Provincial Priorities and Outcomes.
In delivering upon this mandate, the GPF defines its target market as: ”those defined as beneficiaries of the state, by current definition.” The level will track CPI annually.
The GPF key goal is to facilitate and catalyse the development of affordable housing in Gauteng, through leveraging key strategic partnerships with full value chain stakeholders, and thereby innovating financial investment opportunities.
It is understood that the GPF has a specific mandate to:
- Form partnerships to address blockages and bottlenecks across the entire lower-cost housing service delivery value chain;
- Facilitate integrated developments as per the sustainable human settlements policy framework.
- Normalise the Social Housing Market in Gauteng through innovative funding interventions (as a mechanism to entice capital market investment into this market);
- Provide enhanced gearing for private commercial funding;
- Facilitate private bank funding into this sector;
It is within this context then that the GPF defines its purpose and strategic intent.