Gauteng Partnership Background
The Gauteng Partnership fund (GPF) was established by the Gauteng Department of Housing to address funding challenges in the affordable housing sector.
The GPF assists the affordable housing sector by:
Providing the risk capital to housing companies.
Providing prospective funders with sustainable entry into social housing financing market by means of various products.
On a project-by-project basis, GPF will assist the housing companies to procure finance at the most favourable terms in order to promote affordable, quality accommodation that is well managed for the target market.
The GPF seeks to continually develop products aimed at addressing housing market funding challenges. GPF products are reviewed annually to determine thier effectiveness.
Development Finance Facility
The Development Finance Facility was developed to share financial risk with banks in the funding of developments for affordable housing projects. This facility is made available via commercial funders to developers. This bridging facility aims to facilitate accelerated delivery of new stock supply of affordable housing.
Period: maximum 5 years
Prime (blended rate).