Cape Town’s Development Charges Fund is a pioneering strategy aimed at enhancing affordable housing in lowerincome localities by backing microdevelopers financially. The fund offers subsidies for qualifying microdevelopers on firstcomefirstserve grounds and is anticipated to boost investment in the rental market, subsequently creating more affordable housing options within Cape Town. The initiative is a comprehensive economic package designed to encourage investment in targeted areas, with the expectation of generating employment opportunities, amenities, and economic prosperity for residents.
