Housing Company makes Joburg a better place to live
JOBURG - Johannesburg Social Housing Company (Joshco) toured the city to show what areas they would improve, and how they would improve them in the future.
The housing company offers affordable and secure rentals for citizens who earn between R3 500 and R7 500 per month. Those in this income bracket do not qualify for RDP homes, nor do they qualify for bonds.
Rory Gallocher CEO of the company says, “One of the factors that threatened social housing was non-payment of rentals from tenants.”
“Our tenants can expect delivery of service, while we expect tenants to pay rent on time every month and to respect the buildings and the rights of other tenants.”
“The collection rate up to the end of the last audited financial year was 88 percent, up from 46 percent in 2006. Joshco is progressively improving this in order to achieve an average of 97 percent.”
Their primary objective is to transform the lives of their tenants by providing quality, affordable, safe and clean accommodation that is sustainable, inclusive and energy efficient.
“The City Deep Social Housing Project is a demonstration of the City’s commitment to readdress historic spatial inequalities through, among others, the rehabilitation of mining land in line with our Corridors of Freedom programme,” said The City of Johannesburg Executive Mayor, Parks Tau.
One of Joshco’s flagship projects is City Deep where they have converted a hostel and developed new rental units.
By the end of the project, 708 units will have been developed as well as roads, pedestrian walkways, gardens and other amenities. There are 10 similar developments in the organisation’s portfolio.
