Hanover Park – In 1994, then president Nelson Mandela promised to build one-million homes. In 2000 the Cape Town Community Housing Company (CTCHC), a private company, was entrusted to help make this promise of Mandela a reality by becoming a housing delivery vehicle for the government. In the process, they build 2,193 houses on a 'rent to buy' basis in 9 communities across the Western Cape.
In order to make the houses affordable to the poor, families were requested to save between R150 – R350 per month over a period of six months before moving into their new homes. They claimed that this amount would be equal to their monthly rental...
However, during the course of the remedial programme, we have established that the NHBRC Forensic Audit and Assessment is flawed and full of shortcuts...(Read Full Article)
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