Mayco greenlights subsidies for micro-developers in low-income areas

The City of Cape Town Mayoral Committee today adopted the creation of a Development Charges Fund to support micro-developers building affordable housing in lower income communities. The fund will subsidise development charges for small-scale rental unit developments to stimulate the affordable housing market and attract investment in targeted areas. Following Mayco approval, the item will now serve on the City Council’s March agenda. Read More..