State land for housing
•Wed, 18 Apr 2007

By Bheki Mbanjwa

THE shortage of land suitable for housing developments is soon to be a thing of the past, according to the MEC for housing, Mike Mabuyakhulu.

“The National Department of Housing is currently leading an intergovernmental structure which is preparing the establishment of a special purpose vehicle (SPV) to which all state-owned land will be transferred,” he said.

Mabuyakhulu went on to say that the “initiative is being undertaken to ensure that our housing programmes can access suitable, serviceable and affordable land in close proximity to areas of economic opportunities”. He was speaking during his budget speech for the 2007/2008 financial year.