Bothlabela flats occupation of flats by approved buyers

Johannesburg Development Agency (JDA)
For immediate release
01 December 2016

BOTHLABELA FLATS OCCUPATION OF FLATS BY APPROVED BUYERS

Alexandra, Johannesburg  

Today, the Johannesburg Development Agency (JDA), implementers of the Alexandra Renewal Project (ARP), is handing over a further 73 flats in the Tsepong Complex in Alexandra to approved purchasers. The Tsepong Complex forms part of the Botlhabela Phase 2, a housing settlement project which is being implemented as part of the ARP. On 13 June 2016, 27 flats were handed over a complex called Kgothatsong as part of Botlhabela Phase 1.

The Bothlabela Phase 2 project was funded and developed by the Gauteng Department of Housing Settlement (GDHS) as part of the Alexandra Urban Renewal Project. It was designed and approved as a Financed Linked Individual Subsidy Programme (FLISP) project for the purpose of offering housing units to households in Alexandra that are in the R3 501 – R15 000/m income bracket. The project was accredited as a FLISP project and 232 subsidies have been transferred by the Department to the National Housing Finance Corporation (NHFC) for administration thereof.  

The project consist of 232 two-bedroom flats in three- and four-storey configuration on three infill sites in Far East Bank Township east of Alexandra. Construction is complete and the JDA is continuing to process applications for home loans to financial institutions as is required in terms of FLISP.

When the project was originally marketed in Alexandra a total of 5348 people registered as being interested. After various screening processes were conducted, this list was left with 2438 people. To date a total of 2 000 applications have been processed by the financial institutions and 181 have been approved said JDA, Chief Executive Officer, Thanduxolo Mendrew. “A team of conveyancers are busy with the necessary work in order for the units to be transferred to the approved applicants. It must be emphasized that all the approved purchasers are from Alexandra. Their residential addresses were physically verified prior to the submission of applications to the financial institutions. The complete list of purchasers will be made public in order to ensure complete transparency of the process” concluded Mendrew.  

Issued by:

Johannesburg Development Agency
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