- Project Finance/Term Loan : 3 to 20years term loan
- Bridging Loan :mainly, to Developers 3/5years applies

Through the Projects Division, the NHFC provides housing project finance to the following entities:

  • Social Housing Institutions (SHI), to develop housing projects, which offer the middle-income households earning between R3 000 and R7 5 00 per month, access to subsidised rental housing
  • Property Practitioners (Developers/Landlords) to buy and/or refurbish existing buildings; or for Greenfields housing developments for affordable rental or sale purposes


The NHFC, together with the Social Housing Regulatory Authority (SHRA), the Human Settlements (National, Provincial & Local Municipal) Departments and some international players have over the years developed the Social Rental Housing Sector as the delivery vehicle for rental housing to accommodate the low- to middle-income rental market sector.

Social Housing is a workable solution for delivering quality affordable housing at scale, by involving several stakeholders provided that sufficient Restructuring Capital Grants (RCG) and Provincial Institutional Subsidies are available.

Social Housing, by definition, is subsidized rental accommodation which is driven by SHIs, the Social Housing Regulatory Authority (SHRA), and Provincial Human Settlement Departments in conjunction with Local Municipalities. The NHFC provides top-up funding to SHRA-accredited SHIs that qualify for RCG to complete the project. Once a project is identified in a Restructuring Zone demarcated jointly by the Local Authority and the Province, the SHI submits an application for RCG to the SHRA and to the Provincial DOHS for Institutional Subsidy.

Together with the Institutional Subsidies awarded by the Province/Metropole, SHIs are enabled to undertake refurbishments of existing buildings or Greenfields constructions, thereby availing decent affordable accommodation to the target market. SHIs are entities formed to own the property, undertake the development of social housing projects, facilitate and manage the properties and rental collections. The beneficiaries or potential tenants are low- and middle-income households earning from R1 500 and up to R 7 500 per month.

The NHFC, through its Project Division, provides project finance in the form of a Project Development loan facility, which converts to a long Term Loan facility on the completion of construction of a Social Housing project.

Contact the Projects Division for more information on NHFC Projects with Social Housing Institutions

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