City drives rental stock units for sale

The City has identified 10 700 properties that can be transferred at, it claims, considerable discount to qualifying legal tenants.

In the last 30 years, it has transferred more than 54 000 of its saleable rental stock units.

“We hope to step up our efforts to drive this sales initiative further, in line with our commitment to redress, empowerment and enhanced financial sustainability through homeownership.

“The units that are on sale are cottages and maisonettes and the prices would range from between R2 300 and R123 000, depending on the individual’s circumstances,” said Benedicta van Minnen, mayoral committee member for human settlements .

Reducing the rental stock it managed would also have financial benefits for the City, she said.

There are units for sale across the metro, including Scottsdene and Sarepta. Others are in Athlone, Heideveld, Grassy Park, Hanover Park, Hout Bay, Ocean View, Retreat, Elsies River, Belhar and Bishop Lavis.

Tenants should visit their local housing offices soon to find out what type of assistance they qualified for. They need ed to take:

Proof of income: either an employer’s report, salary advices, or payslips (not older than three months); if unemployed, an affidavit; or if self-employed, six months’ basic certified income and expenditure statements with supporting documents, if applicable.

Proof of identity: identity documents of both tenant and spouse, if applicable.

Proof of marital status: marriage certificate/ affidavit of customary marriage/ Muslim rites marriage certificate or final order of divorce or death certificate, if applicable.

The City said it planned to hold public meetings about the initiative in due course.