Building Sustainable Communities Rental Housing Strategy 2010 – 2014 A strategic foundation for rental housing Vision To create an efficient, effective and responsive rental housing market that prioritises the needs of lower-income households by encouraging the development and management of well-located, affordable rental housing opportunities. Mission To promote, facilitate and monitor provision of and access to sustainable rental housing. Guiding principles This plan emphasises that sustainable communities must be characterised by a sense of justice, limits, place, history, craft and nature. All rights reserved. No part of this report may be reproduced or represented in any form without the written consent of the author. Published by the Department of Human Settlements Provincial Government: Western Cape 27 Wale Street, Cape Town COPYRIGHT © 2010 DEpaRTMENT OF HUMAN SETTLEMENTS QUERIES: Mr. Anwar Swartz Rental Housing Tel: 021-483 2584 Fax: 021-483 6617 E-mail:
[email protected] Website: www.capegateway.gov.za ACKNOWLEDGEMENTS The Western Cape Department of Human Settlements acknowledges the contributions of the Social Housing Foundation and other consultants in the preparation of this strategy. 2 Contents FOREWORD BY THE WESTERN CAPE MINISTER OF HUMAN SETTLEMENTS 4 MESSAGE FROM THE HEAD OF DEPARTMENT 5 EXECUTIVE SUMMARY 6 1. UNDERSTANDING THE RENTAL HOUSING CHALLENGE 11 New thinking about rental housing 11 Policy and legislative framework 13 Factors influencing rental housing demand 16 Factors influencing rental housing supply 19