n IMIESA - Building NURCHA better communities : advertorial
|Article Title||Building NURCHA better communities : advertorial|
|© Publisher:||3S Media (Pty) Ltd|
|Publication Date||Nov 2007|
|Pages||27 - 28|
The National Urban Reconstruction and Housing Agency (NURCHA) is a Section 21 company that was established in 1995. The company's primary aim is to provide bridging finance to contractors and developers in the lower-income housing category and infrastructure development. NURCHA structures innovative finance packages to fund the construction of low-income affordable housing, infrastructure and community facilities such as clinics and schools. "There can be no doubting the massive increase in state investment in infrastructure. This brings immediate benefits and lays the basis for future economic growth and has helped fuel the one area of satisfactory growth in NURCHA's business," said Cedric de Beer, managing director of NURCHA. "Our loans approved for infrastructure projects grew 300% off last year's low base, and the number of infrastructure loans approved grew from 11 to 41."
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