City of CT’s vision for affordable housing nearing reality
The city published a document detailing its plans for Woodstock, Salt River and the CBD which real-estate developers can use to tailor their business proposals.
CAPE TOWN - The City of Cape Town's vision for affordable housing in Woodstock, Salt River and the CBD is a step closer to becoming reality.
In July, the municipality announced that it had identified 11 sites for development, five of which will be made available to the private sector for development.
On Friday, the city published a document detailing its plans for the sites, which real-estate developers can use to tailor their business proposals.
The city is hosting three open days so that residents and developers can view the sites that have been earmarked for housing projects.
Locals arrived at the first open day at the Cape Town Science Centre in Observatory on Friday afternoon to hear Councillor Brett Herron speak about the initiative.
At least 4,000 low-income households, with a monthly income of between R3,500 and R15,000, are set to benefit.
Herron says developers have until 27 February 2018 to submit their bids.
“There are 11 sites in total in the project, three of them have already been allocated to social housing companies and the city is retaining two of them for to develop into transitional housing.”
The proposals will be screened by the city’s bid evaluation committee.
Bids that meet all of the technical specifications will be made public to allow members of the public to comment.
The municipality is hoping to see innovative proposals that will use green technologies and alternative building materials.
Herron says the city has set a minimum requirement for the number of social housing units for each site.