Investors are lining up for a share of sub-Saharan Africa's booming affordable housing market, with global private equity investor, International Housing Solutions' second fund attracting an impressive R1.5-billion.

Standard Bank, Africa's biggest lender by assets and earnings, remains committed to funding affordable housing developments and continues to see healthy demand for homes in this segment.

Major pension fund investment to boost affordable housing stock in South Africa                         

With over 900,000 people seeking affordable and social housing annually, and only around 25,000 new units becoming available each year, the market for affordable housing shows immense potential for investors.

FNB's Housing Finance division is going strong with around 20% growth in the market over the last financial year and a good outlook.

The European Investment Bank (EIB), Europe’s long-term lending institution, has agreed to provide a further R2bn for investment in affordable and social housing in South Africa. 

Standard Bank is making available up to R400m for the financing of affordable housing developments in SA.

Construction will soon start on the first affordable housing development in upmarket Umhlanga near Durban.

A new R1.35-billion Spring Valley Housing Project that is rapidly taking shape in the heart of Mpumalanga’s coal mining belt is setting a benchmark for the provision by mines and others of employer assisted affordable housing.

Calgro M3 has announced that they are releasing the next phase of their Scottsdene affordable housing development in Cape Town. 

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