Department of Human Settlements 2025/03/10 - 22:00
Are you seeking additional funding for your student accommodation project? The Gauteng Partnership Fund offers the Student Accommodation Housing Fund to provide the financial support you need.The Student Accommodation Fund was developed for student accommodation service providers that require additional funding to the project. The mezzanine or junior type loan enhances the debt-to-equity ratio for projects to enable senior lenders to finance.
QUALIFICATION CRITERIA
To qualify, a company must:
- Be a legally recognised entity specifically formed for the project.
- Demonstrate access to unencumbered capital equivalent to at least 10% of the total cost as equity.
- Prove to the GPF that it has the technical resources required to successfully complete the project and efficiently manage the property.
- Have a minimum of 51% Historically Disadvantaged Individual (HDI) shareholding.
HOW TO APPLY
Send the following document via email to ShiraazI@gpf.org.za for assessment:
- Comprehensive Business Plan
- Company Registration Documents
- Essential Project Information which includes Approved Zoning, Elevation Plans, Geotech, Elemental Bill of Quantities
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