Our social enterprise business model enables us to provide social rentals while also growing sustainably. We combine the state’s capital grants and subsidies with surpluses from our commercially-viable residential property activities to finance the development of new social rentals, making them financially feasible and sustainable.
We target a mix of tenants. The tenants who pay market rates enable us to achieve a steady flow of annuity income that allows us to sustainably add new social rental units. It also makes it possible for us to offer concessionary rentals to our most vulnerable tenants, especially those dependent on the old age pension.
We also develop residential property that is sold in the affordable and middle-segment housing markets. This further boosts the finance available for new social rental developments. Click here to learn more.
Communicare’s unique social development programmes creates an environment which supports the economic mobility of the tenants in our social housing while also building a model for social cohesion amongst diverse people in South Africa. Click here to learn more.