Cape Town’s ‘No Cost Transfer’ programme is a revolutionary initiative that transforms tenants into proud property owners. It offers financial support for attorney transfer fees and insurance costs, eradicating financial impediments that typically discourage potential homeowners. The programme focuses on addressing historical injustices and is a launchpad for future initiatives aimed at empowering citizens via property ownership. Cape Town stands firm in its commitment to nurture dignity and inclusivity through property ownership, building a city of hope for all its residents.
Cape Town has launched a revolutionary ‘Zero Expense Transfer’ program to help tenants become property owners without any financial burden. The initiative aims to promote inclusivity within communities through property ownership and has been earmarked for an estimated R40 million over a threeyear period. The initiative also covers attorney transfer fees and insurance costs for rental units, making the journey to homeownership easier for beneficiaries.
The Human Settlements Title Deeds Drive initiative reached Kuyasa, a neighborhood in Khayelitsha, Cape Town, on June 14, 2023. This program aims to empower residents, especially beneficiaries of previous housing programs, to claim their rightful title deeds. By providing security of tenure, it enables property owners to unlock opportunities for themselves and future generations.
Keeping track of water usage is essential for ensuring accurate billing, efficient water usage, and preventing water wastage. To achieve this, the City of Cape Town’s Water and Sanitation Directorate has launched a Water Meter Replacement Programme worth R108 million. The program aims to replace aging and malfunctioning water meters across the City, beginning in the 2020/2021 financial year.
The City of Cape Town’s No-Cost Transfer Initiative Empowers Residents and Stimulates Economic Growth
The City of Cape Town’s groundbreaking initiative aims to empower residents by enabling them to become owners of their rental units at no cost. This program will unlock various opportunities for eligible beneficiaries and catalyze meaningful economic growth in communities.
The City of South Africa has introduced a new program that allows its tenants to own their rental units by transferring the title deeds to them free of charge. This initiative is part of the Mayor’s Priority Programme, which aims to empower residents by providing them with homeownership opportunities at no cost.