President Cyril Ramaphosa Unveils Ambitious Housing Project in the Northern Cape

In a significant development aimed at addressing the housing crisis, President Cyril Ramaphosa is set to launch a groundbreaking housing project on Thursday, 18 January 2024, in Kimberley, Northern Cape. The venture is poised to deliver more than 4,000 housing units during its lifespan.

The primary objective of the project is to provide 4,168 houses, with an initial delivery target of 2,500 within the next year. President Ramaphosa will mark the commencement of this crucial initiative with a sod-turning ceremony at a designated site secured by the Department of Human Settlements.

The chosen location is slated to host a variety of housing opportunities, including fully subsidized houses, First Home Finance options, and social housing. This diverse approach aims to cater to the different needs of the community.

To facilitate this ambitious undertaking, the Northern Cape provincial government, in collaboration with the National Treasury, has pursued a R600 million loan from the Development Bank of South Africa. This additional funding is intended to supplement the baseline grant allocation for housing.

The pressing need for housing opportunities in the province is underscored by the existence of approximately 162 informal settlements and nearly 80,000 households lacking adequate housing. To address this challenge, the project will focus on constructing housing units that meet the immediate needs of the community.

Presently, 18,000 serviced stands across the province are ready for the construction of housing structures, demonstrating a proactive approach to expediting the delivery of these much-needed homes.

The launch details are as follows:

• Date: Thursday, 18 January 2024
• Time: 08:00
• Venue: Kimberley: Roodepan Land Parcel, opposite the Roodepan Police station

This housing project signifies a crucial step towards enhancing living conditions and fulfilling the housing aspirations of the community in the Northern Cape.