Partnership for affordable housing

News South Africa

Bongani Zitha |

The minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu met with the Banking Association of South Africa ( BASA) on Thursday, September 10th , to review the partnership that started in 2005 and also to identify further areas of partnership in the coming years.

The meeting drew its focus on how the banking institutions can be able to help out the government in providing affordable housing finance for low to medium income earners and people who are first time buyers.

Amongst the discussions of the meeting was a consumer education campaign which is aimed at empowering homeowners to look after and improve their properties.

Minister Sisulu said  “I am calling on all those who are facing difficulties to service their mortgages and construction companies which are struggling to service their loans to make arrangements with their banking institutions. BASA has on behalf of banking institutions committed to do everything they can to assist those in financial distress”

The Minister and BASA agreed that they will soon convene a lekgotla to finalise programme of action

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