Good news for Cape Town residents who have been renting council houses.
He announce the ‘No Cost Transfer Programme’ yesterday 28 October 2022.
1500 title deeds are expected to be appointed this year to long-standing rental tenants making them property owners.
“I am particularly excited today to announce our ‘No Cost Transfer Programme”, which will allow long-standing tenants of Community Residential Units or CRUs to buy their units – with the transfer costs covered by the City in full. In other words, these tenants will become property owners at no cost at all,” said Hill-Lewis.
The goal is for all our residents to be able to enjoy the dignity of home and correct some past apartheid moves. The City is currently focusing on at least 7500 units that are ready for their tenants to own because they are single residential units or maisonettes.
As part of the newly approved No Cost Transfer Programme the City will:
- Approach the provincial and national authorities to deviate from the national housing code provision forcing beneficiaries to settle outstanding debts on a property before ownership can be transferred
- Fund the payment of transfer fees on behalf of beneficiaries, and fix these fees at R2 500 regardless of the property value
- Write-off rental and municipal services arrears on rental units where these are in excess of the relevant national housing subsidy
Picture: Geordin Hill-Lewis / Twitter