City of Cape Town to spend over R2bn on new housing – De Lille
The city of Cape Town’s Transport and Urban Development Authority (TDA) will spend over R2-billion on new housing over the next three financial years, with over R500-million budgeted for 2018/19, mayor Patricia de Lille said on Tuesday.
In a statement, de Lille said the 2018/19 budget was allocated to 36 housing developments which were either in the planning phase, already under way, or in the process of being finalised.
“For Area North, the budget has been allocated for housingprojects in Atlantis, Fisantekraal, Scottsdene, Hangberg, Durbanville, Salt River and Langa.” De Lille said the city had ramped up the handover of title deeds and had issued over 16 000 to beneficiaries since 2011.
“In Area South, we handed out over 789 historical title deeds in the 2017/18 financial year while we issued 730 deeds in Area North for the same period,” she said.
“We have also made good progress in connecting more residents to the electricity grid. In Area South alone, we have ensured that 10 166 families have electricity for the first time. The City has also connected 3 039 families to the grid in Area North.”