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UN award for Jo’burg housing group

© Business Day

By Chantelle Benjamin
Johannesburg Metro Editor

The Johannesburg Housing Company (JHC), one of the largest inner-city residential landlords, has managed to keep its rent arrears at 3% for 10 years, despite catering largely for the lower end of the market.

This achievement and its innovative solutions to the city’s chronic housing shortage has earned it the UN Habitat Award, which is to be presented to CEO Taffy Adler in Naples, Italy, next month.