The City of Cape Town’s Council has approved the sale of land in Pine Road and Dillon Lane, Woodstock for affordable rental housing opportunities.
Council’s approval means that the two pieces of land can now be sold for the development of social housing.
The deeds of sale are expected to be concluded at the end of this month, if all goes according to plan.
Mayoral committee member for human settlements, Malusi Booi, said: “We are beginning to rewrite the story of our city. We are grappling with many of the same spatial inequality realities that other South African cities are also working on, and this is all happening against a background of high rates of urbanisation and much pressure on urban centres and governments.”
He added that the City would forge ahead and continue to assess City-owned land, including suitable land in and near the Cape Town CBD and other urban centres to determine whether some of these properties could be developed for housing opportunities.