Gauteng Partnership Fund (GPF) - Rental Housing Fund

The Gauteng Partnership Fund (GPF) leverages funds from external senior funders as well as forms partnerships to address funding blockages and bottlenecks across the affordable-housing value chain. 

The Rental Housing Fund was developed for rental housing entities that require additional funding into the project. The equity provided enhances the debt to equity ratio for projects to enable lenders to provide finance on favourable terms.

GPF invests between 10% and 30% of the total project costs depending on the discretionary assessment of project needs. Their investment term is between 15 and 20 years. You are required to contribute 10% of the project cost depending on project cashflows and your company BEE levels. They require collateral in the form of a mortgage bond and they may require personal sureties.

Qualifying criteria

• Your business or project Special Purpose Vehicle (SPV) has a recognised legal form that provides rental or delayed ownership schemes to households with monthly income less than R15 000. 
• The entity must demonstrate to GPF that they have the technical resource capacity to successfully complete the project, as well as efficiently manage the property thereafter.

Application process

Contact  Mr. Shiraaz Lorgat on 082 603 2240 or send her an email.

Alternatively, you can fill in their online contact form.

To assist you with your application, business plan guidelines can be found here.