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Wednesday Feb 15, 2012

Banks favour government property subsidies

The affordability gap in the housing market is expected to be narrowed by changes to government housing subsidies and the commencement of the R1 billion guarantee fund to promote access to home loans for lower-middle-income households.

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Home loan plan targets civil service

The government's mortgage default insurance (MDI) scheme, aimed at helping lower-middle-income earners to own their own homes, would start operating in the new financial year, it emerged yesterday.

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Cape Town to control its rail commuter service

The National Department of Transport wants to transfer control of Metrorail's Cape Town passenger service from the Passenger Rail Agency of SA (Prasa) to the metropolitan municipality, but the local chamber of commerce says it may turn into "a poisoned chalice".

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Designer shelters for Joburg commuters

Joburg is considering the rollout of a new model of aesthetically pleasing commuter shelters in all seven regions in the next four months, after a two-week public participation process is complete.

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Housing MEC warns on property subsidies

Human Settlements MEC Bonginkosi Madikizela says the national government should not raise "unrealistic expectations" among the public with the announcement of a R1 billion fund to help people secure home loans.

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