Taffy Adler, CEO of the Johannesburg Housing Company (JHC), a private, not-for-profit “social housing institution” in South Africa, pondered the history and trajectory of his organization as he trudged through the snow in New Haven, Connecticut. Attending a conference co-sponsored by the Development Finance Forum and the Yale School of Management in December 2007, he was slightly bemused by the notion that international delegates would consider JHC a financial services organization and, specifically, “a development finance institution.”
When Mary Mangema (not real name) came into the city of Johannesburg looking for work, a better life and a future, she was fearful of what she would find. Whilst in so many ways a place of opportunity, Johannesburg is also a city that has a reputation as one of the toughest places in the world. On arrival she set about trying to find a place to stay and on advice from friends she sought and found a flat managed by a non-profit social housing institution, the Johannesburg Housing Company (JHC). In the process Mary found an environment quite different from what she expected.
Taffy Adler and the Johannesburg Housing Company refurbish occupied buildings and construct new ones to offer affordable, safe housing in the Johannesburg Inner City. The Inner City had been abandoned by businesses and become centers of crime. Through its 24 buildings, which offer a home to more than 8500 people, the JHC has managed to be the main motor behind the regeneration of entire street blocks and districts in the city. It has invested more than R220m in creating an additional 8% of housing stock in the inner city for low and moderate-income earners.
16 November 2007
Johannesburg Housing Company (JHC) is proud to announce that its CEO, Taffy Adler, is the winner of Ernst & Young and the Schwab Foundation Social Entrepreneur Award for 2007. Taffy received this prestigious accolade at an awards banquet at the Wanderers Club in Illovo last night.
Makhulong A Matala PRESENTS THE WEEKLY JHC SOCCER LEAGUE 29 OCTOBER 2007