Empowerment Entrepreneur Property Fund

 

The Entrepreneur Empowerment Property Fund (EEPF) is a programme designed to promote participation of previously disadvantaged owned companies in the affordable rental property market.

 

 

Who Qualifies

Companies with HDI 100% shareholding, HDI women and youth owned applicants are encouraged

  • A potential project that can yield a minimum of 15 affordable housing units in Gauteng;
  • Equity contribution of minimum 3% of total project cost;
  • At least 75% of professionals and contractors must have majority HDI shareholding;
  • Applicants who are first time property entrepreneurs are encouraged;
  • First time property developers will be limited to a project with the maximum total project cost of R20 million;
  • A project that is ready for implementation from a town planning perspective

Rental Housing Fund

 

 

The GPF Assists the Affordable Housing Sector by:
  • Providing public funding as equity cushion to investors.
  • Risk sharing and co-funding with prospective funders.

 

Product Offerings

The GPF seeks to continually develop products aimed at addressing housing market funding challenges. GPF products are reviewed annually to determine their effectiveness.

 

Rental Housing Fund

The Rental Housing Fund was developed for rental housing entities that require additional funding in to the project. The equity type loan enhances the debt to equity ratio for projects to enable lenders to finance, on favourable terms.

 

Who Qualifies

Any company or project Special Purpose Vehicle (SPV) with a recognised legal form that provides rental or delayed ownership schemes to households with monthly income less than R15 000 (Adjusted according to Consumer Price Index CPI).

The entity must demonstrate to GPF that they have the technical resource capacity to successfully complete the project as well as efficiently manage the property thereafter.

Social Housing Fund

 

The Social Housing Fund was developed for social housing institutions that require an equity injection to the project. The GPF equity enhances the debt to equity ratio for projects to enable lenders to finance, on favourable terms.

 

Who Qualifies

Any social housing institution or Project Special Purpose Vehicle (SPV) with a recognised legal form that provides rental or delayed ownership schemes to majority of families with household with monthly income less than R15 000 (adjusted according to Consumer Price Index CPI).

 

The institution must demonstrate to GPF that they have the technical resource capacity to successfully complete the project as well as efficiently manage the property thereafter.

 

Types of Projects
  • Inner-city refurbishments or predominantly residential buildings.
  • Conversion of offices to residential units.
  • Greenfield developments for social housing.