The eThekwini Municipality is pleased to announce a decision taken by National Housing Department to promote home ownership to 60 000 residents living in State Financed housing throughout the city. Prospective purchasers will be given a massive discount of up to R31929 on the selling price of their homes, thus allowing the poor the opportunity to become proud home owners after decades of paying rent.

Tenants and Purchasers who earn a household income of less than R1500 per month will qualify for the maximum discount of R31929. The Indigent, Pensioners and Disabled will stand in line to benefit from this massive Government discount. Those tenants and purchasers who are earning between R1500 and R3500 will be given a discount of R29450.

Government will also be providing a R300 subsidy towards the transfer and registration cost. Tenants whose purchase price is below R31929 will receive their homes free. The purchase price of the majority of units is below R32000 and consequently the majority of tenants and purchasers of Council will be given their units free of charge

The Municipality's Housing Department will be embarking on a Sales Campaign in 2006 to encourage residents to take up this exciting offer and benefit from Governments Home Ownership Programme.

For further information please contact Mlungisi Ndhlela on 082 5666 781

issued by:

The Honourable Mayor Councillor Obed Mlaba eThekwini Municipality

06 January 2006