City to declare Cape Town as a restructuring zone to speed up provision of affordable housing opportunities
28 March 2017
The City of Cape Town has informed the National Government and the Western Cape Government of our intention to declare Cape Town in its entirety as a restructuring zone so that we can provide affordable housing opportunities wherever suitable land is available. Read more below:
The City of Cape Town, as part of our Organisational Development and Transformation Plan, established the Transport and Urban Development Authority (TDA) on 1 January 2017 to accelerate our efforts to create a more equal society based on integrated communities, economic inclusion, and access to opportunities.
There are ample opportunities for affordable housing in many areas across the metro, and the development and availability of affordable rental accommodation in central areas of the city must play a key role in the future development of Cape Town.
Currently, however, the City cannot get access to social housing grants from National Government unless suitable land is located within a restructuring zone.