Welcome to Capital City Housing NPC (Previously Msunduzi Housing Association) website. Capital City Housing NPC is a Non Profit Company that was formed in 1999. As a Social Housing Institution, it is defined as a legal entity established with the primary objective of developing and/or managing housing stock that has been funded through grant programmes. Capital City Housing NPC is situated in Pietermaritzburg, which is the second largest city in Kwa-Zulu Natal, and is the Capital of the province.
What is Social Housing?
Social housing is state subsidized rental housing targeted at low to medium income groups. The purpose of Social Housing is to contribute to the restructuring South African Society in order to address structural, economic, social and spatial dysfunctionalities.
Social Housing leads to;
- Well managed rental units in well located areas
- Better managed urban residential spaces and leaves beneficiaries with more disposable income for health and education
- Improved livelihoods and responsible citizenry
What is the aim of Social Housing?
- The aim of the social housing programme, whilst providing housing opportunities for low and medium income households, is far wider reaching. The intended impact is that of restructuring cities and empowerment of its residents. Social Housing aims to provide clean, healthy and safe environments in proximity to services, transport routes, clinics, schools and economic nodes/opportunities.
Is Social Housing State Subsidized?
- The state subsidizes social housing in order to ensure exceptional quality at affordable rentals. Projects that meet the required criteria can be awarded a significant capital grant from the SHRA and another from the applicable Department of Human Settlements. The balance of funding is sort in the form of a loan from banks such as the NHFC or Nedbank.
What are the goals of Capital City Housing NPC?
- Ensure growth of Social Housing Rental Stock within Pietermaritzburg and surrounds
- By acquiring and developing land
- Efficient property management of existing portfolio
- By monitoring maintenance policies and controls
- By maintaining a 100% collection rate and a 0% vacancy rate
- Maintain a content tenant base with no complaints
- By running effective community development initiatives
- By maintaining a friendly and approachable organizational structure
- Long Term Sector Stability and Sustainability
- By employing a key board of directors
- By employing key staff
- By effectively identifying, managing and reducing environmental risks