Earlier this week I visited several residents of Delft who have recently added a few extra backyard rental units – formal brick structures – to their homes. They are now renting those new rooms out to tenants, which generates additional income for their families and provides a safer living space to their tenants, some of whom previously lived in unsafe informal structures.
Like all entrepreneurs in our city, they are local Capetonian heroes for the way in which they have channelled their capital and skills, and used the market to help the city address the lack of adequate affordable housing. Unleashing the entrepreneurial drive of residents like these will enable Cape Town to solve its housing shortage in a quicker and far more sustainable fashion than any government ever could.
This is something I know about, having previously been a partner in a small property start-up that tried to build more homes for Capetonians. I have first-hand experience of the red tape and hurdles that can be involved in getting even a small project off the ground. Nowhere is the obstinance of the national government’s refusal to release state-owned land more glaring than at Acacia Park, a massive 56.8ha plot of land that is currently used to provide housing to politicians rather than to the people of Cape Town.
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