networking Inclusionary housing: SAPOA opens the discussion on policy A Growthpointsponsored breakfast was held at the River CLub Conference Centre in Cape Town on 29 May, facilitated by Rob McGaffin from UCT's Urban Real Estate Research Unit, with interesting presentations by Ockert Preforms, Development Economist at Urban Econ, Mark Schonrock, Development Manager at Concor and Nigel Burls, partner at Nigel Burls & Associates By Mark Pettipher n 1 *¦ FftOM LEFT Ockert Pretorius, Rob McGaffin, Nigei Burkf Mark Schonrock and Simon Nicks SAPOA Western Cape Regional Chair "Adding to the problem is that there projects in terms of implementation and examine what there is to be learnt." Simon Nicks welcomed the attendees, is no spatial framework that deals with spatial transformation, the numbers and introduced the speakers. During his Before the session began, McGaffin opening remarks, Nicks said/We have to involved or the affordability. There is a asked whether there were any particular questions that should be considered, promote inclusionary housing, but not at massive increase in gentrification in Cape the expense of our viable development Town, especially in the middleincome which may be answered during the projects, because then the banks will not presentations. Points raised included: bracket. Values of property have risen provide the funding. SAPOA aims to significantly over the past five years, and # How do we go about changing mindsets and the viability develop a manifesto position paper to because of the upward market, there has been a displacement of about 100 000 take to and engage with the city." of inclusionary housing? affordable houses. # What is the role of wealthier Rob McGaffin put the breakfast session in perspective. "Collectively, we "Some of the key issues that need to neighbourhoods, and how do be addressed include how affordable or we balance the income bracket? need to understand the concept of # How do we define affordable inclusionary housing" he said. "We also inclusionary housing works, where the valuechain increases are that will cross need to know that a reality check is due housing in greater detail? subsidise projects, how we can value in Cape Town. We are facing a massive # What is the giveandtake from the State? the increase, how we can extract it and housing shortfall, a backlog of housing that's estimated somewhere between # What legislation is there determine who gets a unit, and, more 300 000 and 400 000 houses. to incentivise developers importantly, how we ensure that the home stays with the person for whom It "The pressure is building. One of the to include affordable housing? is intended. key issues thrown up by research is that Ockert Pretorius from Urban Econ then although 80% of Capetown's population "Policies are being considered in some earns less than R18 000 per month, it's metropoles, and some projects are took us through some of the key findings difficult to provide housing at less than implementing elements of inclusionary of the SAPOA Inclusionary Housing report R20 OOO/m5 in well located areas. that was released in 2018. A copy of this housing. We need to understand those 78 5QUTH AFRICAN PROPERTY REVIEW In accordance with International Copyright laws, materials supplied by ROi Africa (www.roiafrica.com) may only be used for internal review, analysis or research purposes and may not be reproduced or sold in any format. Date: 01/07/2019 Page No: 78 Title: Property Review, SA SQ CM's: 737 Circulation: 1750 Byline: Mark Pettipher Value: 24755.83