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Welcome to the UDZ TAX INCENTIVE CONFERENCE Day 1 – 18 Aug 05

Welcome to the UDZ TAX INCENTIVE CONFERENCE Day 1 – 18 Aug 05. UDZ Conference and Exposition 18 August 2005. Mission.

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Welcome to the UDZ TAX INCENTIVE CONFERENCE Day 1 – 18 Aug 05

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  1. Welcome to the UDZ TAX INCENTIVE CONFERENCE Day 1 – 18 Aug 05

  2. UDZ Conference and Exposition 18 August 2005

  3. Mission The JHC is committed to regenerate the Johannesburg Inner City through the provision of quality, value for money accommodation and service for all who choose to live there, in a manner that is both sustainable and promotes growth

  4. Facts & Figures: JHC • Total number of buildings: 20 • Total number of units under management: 2406 • Total number of units under construction: 400 • By February 2006 JHC will home approximately 8000 tenants in 3000 units within the Johannesburg inner city. JHC will have added 8% to the housing stock over a 10 year period.

  5. Arrears

  6. Vacancies

  7. Johannesburg Housing Company Project Map

  8. Tax Scenario • Social Housing Institutions - pioneering work in urban development • JHC - largest residential investor in inner-city - total investment of R270 million - no TAX relief - PBO Status

  9. Facts & Figures: Brickfields • Cost: R120 million • The first phase of Brickfields adds a further 650 units and 1500 people • The completed Brickfields will add a total of 750 units and 2500 people to the JHC portfolio • 90 % full within one month of letting • Mixed income • Mixed use • Location, location, location • Community Services: crèches, computer centres, after-school centres

  10. UDZ Implications: Brickfields • Total project of R120m: R24 m in yr 1 R6 m p.a. 16 yrs • Second phase of R30m: R6 m in yr 1 R1.5 m p.a. 16 yrs

  11. Thank you Taffy Adler taffy@jhc.co.za

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