STRATEGIC PARTNER: TUHF

TUHF LogoAs a campaign to improve the capital structure of TUHF, the NHFC was a significant driving force and a catalyst in the formative years of Trust for Urban Housing Finance, today no longer a trust, but operating as the public company TUHF Limited.As a group of companies, TUHF drives inner city investment by helping potential investors become property entrepreneurs and offers loans for the purchase and/or refurbishment of inner city residential property country-wide, with footprints currently in Gauteng, KwaZulu-Natal, Eastern Cape, Western Cape and the Free State. The NHFC owns an equity stake of 33% of TUHF and exposure through providing debt finance; this is an example of NHFC's endorsement of TUHF as the beacon of success achievable in the affordable housing market through effective execution of strategy. The rational for NHFC investment in TUHF include:-

  • TUHF has an in-depth understanding of inner city property markets, is well networked within the inner cities, making it possible for the company to deliver a better service to its clients.
  • To facilitate a public and private partnership that would leverage funding from the private sector to enhance inner city regeneration.
  • TUHF has now reached the R2.3 billion mark in advances and has plans to reach R5 billion
  • TUHF has delivered a cumulative impact of 43 300 units.
  • Based in Braamfontein, Johannesburg, TUHF has expanded its geographic footprint, opening offices in Port Elizabeth (Eastern Cape), Durban (KwaZulu-Natal), Cape Town (Western Cape) and Bloemfontein in the Free State
  • TUHF received the prestigious 2011 'Southern Trust Award, Investing in the Future and Drivers of Change' as well as the Mortgage Bank of the Year 2013-14 from African Banker
  • TUHF is now poised to fulfill its developmental mandate by increasing its loan book to R5 billion which will increase impact to 50 000 units within the next five years.

For more information and a view of TUHF projects click on the logo
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