City launches R125.6m affordable housing tenders

THE City of Cape Town has issued four new land-release tenders with a combined estimated value of about R125.6 million (excluding VAT) for affordable, residential-led mixed-use developments on well-located parcels of land in Brackenfell, Ottery and Lansdowne.

- STAFF REPORTER

AN artist's impression of the mixed-use housing developments planned for Brackenfell, Ottery and Lansdowne.

(Supplied)

The tenders form part of the City's affordable housing programme and are aimed at attracting private-sector partners to develop investment-ready sites close to amenities and public transport. The City said all due process and public participation requirements would continue to be followed.

The programme is driven by public-private partnerships, with City-owned land packaged and de-risked to encourage market participation while expanding access to affordable housing. All neighbourhoods with surplus City land are assessed for potential release, with the goal of delivering housing opportunities near economic nodes and transport corridors.