Upward adjustment of Western Cape Human Settlement budget a boost for affordable housing opportunities
12 December 2021
The Western Cape Department of Human Settlements’ (WCDoHS) budget for the 2021/22 financial year has been adjusted upwards by R 57, 088 million. This means our overall budget increases from R 2, 353 billion to R 2, 410 billion.
The adjusted budget was tabled in the Western Cape Provincial Parliament this past week.
This is welcoming, particularly since it will go a long way in ensuring that more affordable housing opportunities are created. The lion’s share of the additional allocation, i.e. R 49,588m will go towards one of our priorities, namely Affordable Housing. This will ensure that approximately 1 000 FLISP applications can be assisted.
In my 2021/22 budget speech, earlier this year, I announced that we will re-invest in the affordable housing market by utilising funds generated through the selling of houses and sites constructed from the Human Settlement Development Grant (HSDG).