Social Value UK

Document Keyword: housing providers

  • International Housing Solutions Social Impact Report Year 1

    International Housing Solutions Social Impact Report Year 1

    “IHS is a private affordable housing investment manager. We raise institutional capital and invest it in the development or renovation of affordable housing in Sub-Saharan Africa, both for-sale and for-rent, affordable to the fast growing low to middle income market in South Africa and other target Sub-Saharan countries. IHS is owned by MMA Capital Management LLC, a publicly-listed US affordable housing and renewable energy investment manager (formerly MuniMae). As such, we are under the corporate governance of this major US shareholder, and are therefore governed by their rigorous policies and procedures, including their code of ethics and principles of business integrity to combat issues such as bribery and corruption.

    To date, our investments have resulted in the production of about 18,000 homes. In our current Fund, IHS Fund II, we have raised capital specifically for the purpose of “greening” a portion of the homes produced. Based on capital raised to date, we have committed to 5,060 green homes (25%). We have so far closed six projects in Fund II (five green home projects).”

  • Cost-Benefit Analysis: Social Rental Housing and RDP Housing

    Cost-Benefit Analysis: Social Rental Housing and RDP Housing

    South Africa has various state-supported housing programmes, of which RDP housing (currently termed “BNG” housing), and more recently Social Rental Housing (SRH) are significant components.

    Although over 2 million houses have been provided to date through the RDP housing programme, the programme poses several challenges, not least being the implications for the future sustainability of cities and their municipalities in South Africa.

    SRH is seen as an alternative to RDP housing. Although the observed initial construction costs of SHR are higher, so too are the long term benefits.. SRH addresses an important demand and income segment within the housing sector and market in South Africa.

    This report contains the results of a Cost Benefit Analysis (CBA) undertaken to compare SRH (as the potential investment or “project case”) with RDP housing (as the status quo or “base case”). The objective of this analysis is to assess the relative benefits to society in the provision of SRH and RDP housing, and takes into account all costs and benefits to society over the life time of the housing.