City’s Housing Incentive Scheme increases rental collections by 10%

The City of Cape Town’s Housing Incentive Scheme is aimed at encouraging all housing debtors in both the City’s housing rental and selling schemes to pay their accounts.

The Scheme rewards those who pay their accounts regularly by giving them a chance to win prizes.

“Since the introduction of the Scheme in November 2010, rental collections have risen by 10%. Loan collections have risen by 24%. Effective collections means that the City can use this revenue to maintain and improve upon the high standard of service delivery in the Cape Metro, and to continue to assist the poorest and most vulnerable in our city,” said Councillor Tandeka Gqada, Mayor Committee Member for Human Settlements.

In terms of this scheme a total of six housing debtors per month are awarded shopping vouchers (four rental and two selling debtors) to the value of R1 000,00 each. These housing debtors must have paid their housing accounts for a period of at least three consecutive months and qualify according to set criteria. The draw is based on a computer generated set of compliant winners thereby ensuring transparency and fairness.

Winners in the past have come from all parts of the city, from Mitchells Plain to Ocean View. They have been of all ages (the oldest recipient was 91 years old) and have been both from the City’s indigent group and from those that are currently working.

“By encouraging the people of our city to pay their debts, we reinforce our commitment to building a Well-run City; and one that assists all its residents, as far as possible,” said Councillor Gqada.

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