Financial And Social Benefits Of Renting Through JHC
Let’s take a quick look at some of the financial and social benefits of renting with JHC.
It’s no secret that affordable housing is a struggle in South Africa, and Johannesburg is no different. With the city buzzing with employment and entrepreneurship opportunities, it often pushes many people to end up being residents of this city for convenience and ease. But how does one make the most out of living in Jozi? Johannesburg Housing Company has lots of benefits for financial and social gain. Let’s take a quick look at some of these benefits.
A government programme to subsidise housing for those whose monthly incomes fall between R1 500 and R15 000 is known as social housing. These people are ineligible for new construction housing or housing bonds. You should understand that this is the category that most closely describes a young adult. Hence, you need all the assistance you can get in order to choose a reasonable lodging option. Social housing is hence your second-best choice for this reason. But when you contact social housing organisations, make sure they're reputable by finding out whether they have Social Housing Regulatory Authority accreditation (SHRA). Here is additional information about this.
Who is eligible for social housing?
The qualifying criteria for social housing are as follows:
• Have a household income between R1 500 and R15 000.
• You must be 21 years or older.
• Have a clean credit record.
• Be a South African citizen or permanent resident.
• Be married or single, with or without dependents.
• Have the ability to pay the required monthly rental.
Most South Africans, particularly young adults, live paycheck to paycheck and can barely stretch out their salaries for a full month. The majority of these young adults are breadwinners with bigger financial responsibilities than they’re able to handle. Plus, the economic inequality further throws these individuals into more vulnerable conditions, widening the gap in access to housing. If you earn between R1 500 and R15 000, it’s impossible to afford housing on the private commercial market due to the high rates. That’s why social housing provides mid-income and low-income earners with affordable housing.
At Johannesburg Housing Company, we know that people’s applications sometimes get hindered and disqualified due to certain processes, expectations and procedures. We have broken down what you need to qualify for renting a flat with us below:
- Certified copy of original ID document or valid passport and permit
- Original or certified copy of latest payslip
- Original or certified copy of 3 months’ recent bank statements if you are employed
- Original or certified copy of 6 months’ recent bank statements if you are self-employed
- Certified copy of company or close corporation registration forms, if applicable
- Minimum salary of R10000
When it comes to renting, the costs and benefits are many if you choose the right housing company to partner with. If you enjoy the hustle and bustle of the city while still needing a community-based building that caters to you and your lifestyle, you will love living in one of our affordable flats in and around Joburg. Simply look at our building page and get in touch with us.
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