Regent Villas and The City of Cape Town held a tenanting ceremony this week to launch the social housing project in Weltevreden Valley, Mitchells Plain.
On Tuesday, the City announced that the first phase of the project – which was initiated in December 2020 – has officially been completed.
Tenants celebrated the R 41 Million project along with the City’s Mayoral Committee Member for Human Settlements, Councillor Malusi Booi, the Western Cape Government’s Human Settlements MEC, Tertuis Simmers and other dignitaries.
Regent Villas is said to have 104 housing opportunities of which 77 units are currently occupied. The units range from studios to three-bedroom flats.
The City also plans on sanctioning the construction phase of more than 2 000 of these opportunities in and near urban areas. The objective is to develop Social Housing projects near well-located areas that are close to healthcare facilities and public transport amongst other amenities.
Despite the decreasing national grants for human settlement developments, the City of Cape Town is determined to deliver more affordable housing programmes. A first come first served approach will be followed and no queue-jumping.
The social housing opportunities offers rental units for families with a combined monthly income of between R1 501 and R15 000. According to the City, the process is managed by accredited social housing institutions (SHIs).
Councillor Booi welcomes fitting private sector players to collaborate with them and support the initiative.