DA proposes housing voucher for 'missing middle'

talkofthetown.co.za

- talkofthetown.co.za | 8 months ago

Known as the “missing middle”‚ people in these income groups often struggle to own property because they are considered too poor for home loans by finance institutions‚ but too wealthy for free RDP houses.

Addressing 20‚000 supporters at a manifesto launch held at the Rand Stadium‚ south of Johannesburg‚ DA leader Mmusi Maimane said the proposal would allow South Africans that had been excluded from the property market to own land and houses. “It [ownership] allows you to borrow money against the property‚ it allows you to pass it on to your children in your will‚ and it allows you to sell it‚ if you so choose‚” said Maimane.

“I also want South Africans to have a choice‚ which is why we will introduce a housing voucher which people can either use to build their home or as a down-payment on a house.

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