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970 affordable homes to be built at Salt River Market by August 2028

Land formerly owned by City of Cape Town handed to Communicare on Monday

Zubaida Adams is one of four current traders at Salt River Market who will be accommodated in the new development’s retail space. Photo: Steve Kretzmann
More than a decade since the City of Cape Town first earmarked the Salt River Market for social housing, it has finally been handed over to the developer, Communicare.
Communicare will contribute R40-million of its own funds and expects to receive a once-off subsidy of about R127-million from the Social Housing Regulatory Authority to build 300 social housing units. These are to be rented out, in line with social housing regulations, to households earning less than R22,000 a month.
An additional 670 units will be built without state subsidies and will be made available to…

Read More: 970 affordable homes to be built at Salt River Market by August 2028.

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