HIFSA

The Housing Impact Fund South Africa (HIFSA) finances the acquisition and construction of homes for sale and rent that are affordable to the lower and middle markets, as well as providing housing loans and rental accommodation for families and students.
 


INVESTMENTS

  • ALPHA WAREHOUSE

    ALPHA WAREHOUSE

    Sector: 
    Mortgage Loans

    Date of investment:
    2012

    Investment partners:
    HIFSA, SA Home Loans and Futuregrowth

    Development:
    This investment provides home loans to the affordable segment of the market in South Africa. The loan book is originated and managed by SA Home Loans, one of South Africa’s largest non-bank specialist home loan providers.
     
    www.sahomeloans.com

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • ARIFSA

    ARIFSA

    Sector: 
    Property Development – Rental 

    Date of investment: 
    2013

    Investment partners: 
    HIFSA

    Business synopsis:
    The Affordable Rental Investment Fund South Africa (ARIFSA) is a Vesting Trust that holds interest in property owning SPVs. The property SPVs invest in the development of housing units predominately used for rental purposes. The investments encompass the full property cycle from the property purchase, rental and ultimate sale. ARIFSA partners with experienced rental operators to manage the rental portfolios. ARIFSA strives to develop and buy units from the HIFSA developments specifically.

    Currently there are two active rental portfolios in ARIFSA. These are:

    Karino Housing Portfolio
    in the Karino Lifestyle Estate, Mbombela in Mpumalanga. The portfolio consists of 219 residential units which are rented out at an average of R3 830 rental per month.

    To view the rental units go to: http://karino.co.za/estate/rentals/

    Uvest Housing Portfolio is a portfolio of residential rental units situated in the Belladonna and Buhrein Estates in Cape Town, Western Cape. Currently there are 125 units in Belladonna and 289 units in Buhrein in the portfolio. The average rental in Belladonna is R4 000 per month and in Buhrein it is R4 600 per month (as at December 2015). 

    To view the rental units go to: http://www.mspd.co.za/belladonna-estate-rentals/

    http://www.uvest.co.za/housing-porfolio-rf1/

    Portfolios in development currently include the following (all HIFSA projects):

    • Selcourt, Springs, Gauteng
    • Crystal Park, Benoni, Gauteng
    • Andeon, Kirkney, Pretoria, Gauteng
    • Raceway Park, Mangaung, Free State 

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • AZAADVILLE GARDENS

    AZAADVILLE GARDENS

    Sector: 
    Property Development – Greenfields Housing

    Date of investment:
    2015

    Investment partners:
    HIFSA

    Development:
    Azaadville Gardens is situated in Randfontein, Gauteng, and the development will consist of 325 housing units. The site is well located with easy access to three major roads that link to the Krugersdorp, Randfontein and Roodepoort nodes. The development manager is RBA Homes.
     
    To view houses for sale go to: http://rbahomes.co.za/developments/johannesburg/azaadville-gardens

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • Circlevest

    CIRCLEVEST SECURITISATION

    Circlevest

    CIRCLEVEST SECURITISATION

    Sector:
    Developmental Property – Rental

    Date of investment:
    2010

    Investment partners:
    HIFSA, Vestfund, Quickleap Investments, Futuregrowth

    Business synopsis:
    Circlevest Securitisation is a property investment operating company.  There are currently 2 500 residential rental units in the portfolio, mainly in the Johannesburg inner city areas such as Berea, Hillbrow, Marshalltown and New Doornfontein. The properties are managed by Ithemba Property Trust. 

    To view rental go to: www.ithembaproperty.co.za/

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • CRYSTAL PARK

    CRYSTAL PARK

    Sector:
    Developmental Property – Greenfields Housing

    Date of investment:
    2012

    Investment partners:
    HIFSA

    Business synopsis:
    Crystal Park is a residential suburb of Benoni, Gauteng, located just off the R51 (which links up to the N12 highway). Crystal Park is a mixed-use development aimed at addressing the shortage of affordable housing in the area. In total over 4 000 housing units will be constructed in different phases. The development manager is RBA Homes.

    To view houses for sale go to: http://rbahomes.co.za/developments/east-rand/crystal-park/gallery

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • CUF PROPERTIES

    CUF PROPERTIES

    Sector: 
    Property Sales

    Date of investment:
    2010

    Investment partners:
    HIFSA, JMR Family Trust and Jacques van Staden Family Trust

    Business synopsis:
    CUF Properties is a portfolio of Properties in Possession (PiPs) that were acquired from financial institutions. The properties are sold on the open market and loans are originated for the buyers of these properties. The properties are located in all nine provinces, with the highest concentration in Gauteng and North West provinces.

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • IZWE_Loans

    IZWE LOANS SECURITISATION

    IZWE_Loans

    IZWE LOANS SECURITISATION

    Sector:
    Incremental Housing Loans

    Date of investment:
    2011

    Investment partners:
    HIFSA and Izwe Holdings

    Business synopsis:
    Izwe Loans Securitisation is an established micro-finance group that provides personal financing services in the form of incremental housing loans, education loans and other general loans. The target market is lower to middle income households. Loans are advanced country-wide to end-consumers via their call centres and on-line platforms.

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • LATTAKOO ESTATE

    LATTAKOO ESTATE

    Sector:
    Property Development – Greenfields Housing

    Date of investment:
    2011

    Investment partners:
    HIFSA

    Business synopsis:
    Lattakoo Estate is situated adjacent to the N14 in Kathu, Northern Cape. This estate is a mixed use development of some 2 400 housing units and will include schools, retail, medical and sporting facilities. The development aims to meet some of the needs created by the mining expansion in the region. The development manager is MSP Developments

    To view houses for sale and rent go to: http://www.mspd.co.za/current_developments/

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • mettle

    METTLE Property Solutions Securitisation (MPSS)

    mettle

    METTLE Property Solutions Securitisation (MPSS)

    Sector:
    Property Development – Greenfields Housing

    Date of investment:
    2011

    Investment partners:
    HIFSA

    Business Synopsis:
    HIFSA, through MPSS is invested in the following developments:

    Kirkney Village in Tshwane (Pretoria), Gauteng comprises full title free standing homes developed by RBA Homes. The development is close to the Tshwane CBD, and to schools, shops and other amenities. The total development consists of some 2 300 housing units.

    To view houses for sale go to: www.rbahomes.co.za/developments/tshwane/kirkney-village

    Belladonna Estate in Blue Downs (Cape Town), Western Cape, comprises 740 units in a lifestyle estate with public open spaces and a 24-hour security patrolling service. The estate has easy access to transport routes with schools, clinic and shops close by. The development was completed and all the units sold in 2015. The developer was MSP Developments.

    To view houses for sale go to: http://www.mspd.co.za/development/belladonna-estate/

    Buh-Rein Estate in Kraaifontein (Cape Town), Western Cape, is an award winning security estate that will consist of over 3 000 housing units, including apartments, townhouses and houses. Buh-Rein has pedestrian walkways, parks, sports fields, a club house, a pool, a shopping centre, a crèche and a medical centre. The developer is MSP Developments.

    To view houses for sale go to: www.buhreinestate.co.za/

    Selcourt City in Springs (Johannesburg), Gauteng will comprise the development of 1 200 housing units. The developers are Similan Consult/Endecon.

    To view houses for sale go to: http://www.selcourtestate.co.za/

    Karino Estate in Mbombela (Nelspruit), Mpumalanga is an award winning security estate that will ultimately comprise 1 700 housing units. The estate is one of the safest, secure, largest (in time) and most affordable estates in South Africa. The Karino Meridian low-fee independent school opened in 2014. Also underway are plans to construct a shopping centre just outside of the estate, The Crossings Karino Mall. The development team consists of Similan Consult/Endecon and Laeveld Trust.

    To view houses for sale go to: www.karino.co.za/ 

    Olievenhoutbosch in Centurion, Tshwane (Pretoria), Gauteng.

    This development is situated on the R55 between Kyalami and the N14. It will comprise 89 freehold housing units, as well as parks. The developer is Construct Capital.

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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    ORCHARDS

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    ORCHARDS

    Sector:
    Property Development – Greenfields Housing

    Date of investment:
    2015

    Investment partners:
    HIFSA, RBA Holdings

    Business synopsis:
    Orchards is a well-established sought-after suburb to the North West of Pretoria. This transaction involves the acquisition of 668 fully serviced stands and making it available for the construction of houses once a construction bond has been approved to the house buyer. The development manager is RBA Homes.

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • PINELANDS GROVE

    PINELANDS GROVE

    Sector:
    Property Development – Retirement Accommodation

    Date of investment:
    2010

    Investment partners:
    HIFSA and Tygerberg Development Trust

    Business synopsis:
    Pinelands Grove Securitisation is a joint venture company that converts existing buildings into affordable retirement accommodation for sale on a life right basis. Situated in Pinelands (Cape Town), Western Cape, the development consists of 214 retirement units, which includes 18 frail care units. Amenities include lounges, a coffee bar, library, hair salon and exercise area. The development manager is Petersen Project Management Trust.

    To view units for sale go to: www.pinelandsgrove.co.za/

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • Pulse-Urban-Properties

    PULSE URBAN PROPERTIES

    Pulse-Urban-Properties

    PULSE URBAN PROPERTIES

    Sector:
    Rental Property

    Date of investment:
    2011

    Investment partners:
    HIFSA, True Group

    Business synopsis:
    Pulse Urban Properties is a housing development and property management holding company. The company acquires buildings and converts them into affordable residential units for rent and sale. A significant portion of the portfolio is invested in student accommodation. The buildings are located in Johannesburg, Pretoria, Sasolburg, Bloemfontein, East London, Alice and Cape Town. There are currently about 3 772 student beds and 1 407 residential units in the portfolio of 70 buildings (as at March 2016). The properties are managed by Pulse Property Group.

    To view rental go to: www.pulseliving.co.za/

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • blank

    REAL LIVING SPACES

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    REAL LIVING SPACES

    Sector:
    Property Development – Greenfields Housing

    Date of investment:
    2011

    Investment partners:
    HIFSA

    Business synopsis:
    This is a partnership with development manager, Rand Leases Properties.  We are invested in the following housing estates:

    Parkdene in Boksburg, Gauteng is close to the town’s CBD. This mixed-use development will consist of 1 681 units in an integrated development, providing for a range of affordability categories. These will include double or triple storey apartment blocks (“walk ups”), and some free standing units.

    Rand Leases ext. 12 in Roodepoort, Gauteng borders Main Reef Road (a main transport corridor) and is about 2km from the old Roodepoort CBD.

    Rand Leases ext. 13 in Roodepoort, Gauteng borders Main Reef Road, where part of an old gold mining village will be restored alongside the new housing developments.

    Rand Leases ext. 14 in Roodepoort, Gauteng is situated along Main Reef Road and next to extension 12.

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • Savanna-City

    SAVANNA CITY

    Savanna-City

    SAVANNA CITY

    Sector: 
    Property – Greenfield Housing

    Date of investment:
    2007

    Investment partners:
    HIFSA and Basil Read Limited

    Business synopsis:
    Savanna City is 35km south of Johannesburg, Gauteng, adjacent to Orange Farm with easy access to rail and major roads. Infrastructure construction started in 2014 and it will ultimately provide more than 18 000 mixed housing units, including subsidised units (RDP and FLISP) and bonded units. The development will also include schools, churches, retail, community and business facilities, as well as parks and conservation areas. The development manager is Basil Read Developments.

    To view houses for sale go to: www.savanna-city.co.za

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • South_Point

    SOUTH POINT

    South_Point

    SOUTH POINT

    Sector:
    Student Accommodation – Rental

    Date of investment:
    2011

    Investment partners:
    HIFSA and South Point Management Services

    Business synopsis:
    South Point Properties is a specialist student accommodation operator with more than 5 000 student beds in their portfolio. The portfolio also includes retail and parking in certain buildings, as well as one commercial building. Buildings are located in Johannesburg, Pretoria, Durban and Cape Town. The property manager is South Point Management Services.

     To view rental go to: www.staysouthpoint.co.za

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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  • SPACE SECURITISATION

    SPACE SECURITISATION

    Sector:
    Property Development - Greenfields

    Investment partners:
    HIFSA, Third Avenue Investments (Probuild and Renprop), Vuwa and National Housing Finance Corporation (NHFC)

    Business synopsis:
    This partnership is invested in the following developments that target the affordable market:

    Beverley Hills in Evaton West, Gauteng, is a mixed-income development comprising 1 733 affordable and Finance Linked Subsidy Programme (FLISP) housing units close to schools and a shopping centre.

    Sunset Manor in Kimberley, Northern Cape, is a development that comprises some 1 900 housing opportunities to address the housing backlog in the area.

    Oasis Palms in Randfontein, Gauteng, will contain a total of 583 housing opportunities. The final development phase comprises sectional title units and apartments.

    Glenway Estate in Mamelodi, Tshwane, Gauteng is a new development that will ultimately comprise some 6 000 housing units with schools, parks and amenities. The development manager for phase 1 is Cosmopolitan Projects.

    Raceway Park in Bloemfontein, Mangaung in the Free State is strategically located within the Mangaung Metro’s key economic development zone, along the N8 corridor and also close to the airport. This development comprises of 2 208 housing opportunities, with planned retail and commercial sites, as well as a school site. The development manager is Aquacor.

    Fourleaf Estate in Port Elizabeth, Eastern Cape, is a series of modern ‘village’ cluster developments, comprising of 443 housing opportunities in close proximity of the newly developed Baywest Mall. The development manager is Similan/Endecon.

    www.fourleafestate.co.za

    Hillside in Lenasia South, Gauteng is a new development comprising 1 015 housing opportunities, adjacent to a well-established community. The development manager is Trustgro.

    Pienaarspoort in Mamelodi, Tshwane Gauteng is a proposed new development with some 849 housing opportunities. This development is close to the railway line and main road links to Tshwane and surrounds.

    Funds:
    • Housing Impact Fund South Africa (HIFSA)
    Status:
    • Current


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