We welcomed back Chuma Giyose - Project Coordinator from the Development Action Group (DAG), who shared exciting news and updates about their latest programs. DAG is a dynamic organization committed to improving housing and human settlement conditions across Cape Town, and they've been hard at work to make housing more accessible and sustainable for everyone.
Chuma brought
us up to speed on the Contractor and Developer Academy, an enterprise
development program designed to support small-scale contractors and developers.
He explained how DAG is partnering with the City of Cape Town to roll out the
Township Development Charge Fund. This initiative subsidizes development
charges for small-scale developers building rental units in various communities
across the city.
These
development charges can be a significant financial hurdle for small-scale
developers, sometimes running as high as R100, 000. With the City of Cape
Town’s subsidy, however, these costs can be reduced by 50% to 90%, making it
easier for developers to comply with regulations and invest in community
infrastructure. This not only promotes safe and regulated construction but also
contributes to the long-term improvement of our neighborhoods.
Chuma also shed
light on the importance of compliance when it comes to building and developing
properties. He pointed out that following to the national building regulations
is not just about avoiding fines—it’s about ensuring the safety and longevity
of your investment. Proper compliance can even open doors to additional
financing options.
The discussion
also touched on the eligibility criteria for the Township Development Charge
Fund subsidy. To qualify, you need to have a title deed and be located in one
of the 194 identified areas in Cape Town. The subsidy doesn’t cover the
construction itself but focuses on reducing the cost burden associated with
development charges. It’s a fantastic opportunity for property owners looking
to develop small-scale rental units while also contributing to their
communities.
Chuma
emphasized the importance of community participation, especially in shaping
policies that affect us all. DAG is hosting an information session on Saturday,
August 24th 2024, at their offices in Observatory. This session will
dive deeper into the development charge subsidy and the proposed amendments to
the municipal planning by-law. It’s a must-attend for anyone interested in
property development or community planning.
If you’re
unable to attend in person, keep an eye out for updates from DAG, as they are
considering offering the session online.
If you want to
learn more about the programs DAG offers or how you can apply for the Township
Development Charge Fund subsidy, reach out to them at 021 448 7886 or via email
at tdcf@dag.org.za.
Thank you to Chuma
and DAG for joining us once again on "The Morning Cruise." Remember,
Bush Radio is your community station, and we’re here to bring you the news,
views, and voices that matter. Stay tuned and stay informed!
- Presenter/Producer
- Mkuseli "Khusi" Veto
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