City Of Cape Town – What Is Gap Housing?

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Ills. capetown.gov.za

“Gap housing” is a term that describes the shortfall, or ‘gap’ in the market between residential units supplied by the state and houses delivered by the private sector.
The gap housing market comprises people who typically earn between R3 500 and R15 000 per month, which is too little to enable them to participate in the private property market, yet too much to qualify for state assistance.

To deliver more housing opportunities to these people, the City of Cape Town has analysed this gap in housing supply and devised a strategy to start filling it. The strategy is two-fold: it induces the private sector to supply housing units at lower prices, whilst simultaneously encouraging low income, employed individuals to build their own houses.

Read more: http://www.capetown.gov.za/en/gaphousing/Pages/default.aspx