500 000 houses will need to be built

Cape Town - As many as 500 000 houses will need to be built annually for government to meet its 2014 target of providing indigent South Africans with housing and do away with informal settlements.
The backlog in housing currently stands at “just above 2,4 million” units, the Department of Housing’s director-general, Itumeleng Kotsoane, said in Parliament recently, adding that the task facing his department was “rather huge”.Government has since 1994 made a R36 billion investment into low-cost housing and from just the past few years, has been building an average of about 250 000 units a year.

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