Affordable housing creating jobs - moladi
Affordable housing creating jobs, fostering economic growth and sustainable communities in South Africa The housing construction sector boasts one of the highest employment multipliers in South Africa, and has the potential to significantly address unemployment in the country, according to research findings released this week. The 10-month long study, conducted by a team under University of Cape Town associate professor Francois Viruly, audited the social and economic impact of affordable housing developments commissioned by International Housing Solutions, a global private equity investor which has financed projects with a combined total value of more than R7.8 billion. The research had two objectives: to determine the indirect benefits derived from living in integrated affordable housing developments, and the job creation impact of such developments. “The research breaks new ground, as little research has been undertaken to measure the indirect economic as well as social benefits t...