Construction on the US $16.55-m Dobsonville Extension 2 housing project has begun, with completion expected by June 2016.
The project will deliver up to 502 housing units, which will include a mix of 152 one-bedroomed and 350 two-bedroomed apartments for renting out.
This housing project is part of the Johannesburg Social Housing Company (JOSHCO) effort to lessen the housing problems the City is currently experiencing.
CEO of JOSHCO, Rory Gallocher, noted that there was a gap in the housing market as many people do not qualify for Reconstruction and Development Programme (RDP) housing.
The Dobsonville Extension 2 housing project would cater for such individuals.
JOSHCO’s mandate would be to increase low-cost rental houses so that those who earn between R3,500 and R7000 could access proper houses. The project would only benefit South African citizens living in Johannesburg.
The money for the project will be channeled towards local suppliers, skill building and medium-enterprise developments and over 700 jobs are expected to be created.
