The Department of Housing has been allocated R32-billion over the next three years in an attempt to reduce backlogs and fast-track housing delivery.
According to the 2007 estimates of national expenditure, tabled by Finance Minister Trevor Manuel in Parliament on Wednesday, the department will receive R8,8-billion in 2007/08, R10,5-billion in 2008/09 and 12,5-billion in 2009/10.
The 2007/08 allocation represents a R2,7-billion increase compared with the previous year, he said.
The department, which is currently struggling to cope with growing housing demand, has a significant backlog.
Despite the delivery of two million subsidised houses since the inception of the new housing programme in 1994, the housing backlog has continued to grow, and currently stands at 2,4-million units.
The Housing Development Finance Programme accounted for 96,8% of the department’s expenditure in 2006/07.
“The growth [in expenditure] is also driven by significant additional allocations, totalling R4-billion for informal settlement upgrading, and R1,2-billion for introducing credit-linked subsidies in the 2005 and 2006 budgets,” it says. — Sapa
According to the 2007 estimates of national expenditure, tabled by Finance Minister Trevor Manuel in Parliament on Wednesday, the department will receive R8,8-billion in 2007/08, R10,5-billion in 2008/09 and 12,5-billion in 2009/10.
The 2007/08 allocation represents a R2,7-billion increase compared with the previous year, he said.
The department, which is currently struggling to cope with growing housing demand, has a significant backlog.
Despite the delivery of two million subsidised houses since the inception of the new housing programme in 1994, the housing backlog has continued to grow, and currently stands at 2,4-million units.
The Housing Development Finance Programme accounted for 96,8% of the department’s expenditure in 2006/07.
“The growth [in expenditure] is also driven by significant additional allocations, totalling R4-billion for informal settlement upgrading, and R1,2-billion for introducing credit-linked subsidies in the 2005 and 2006 budgets,” it says. — Sapa
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