Township rental financier finalises first funding vehicle, attracts R125m in first year

Impact-driven property finance company TUHF21 has finalised its first funding vehicle aimed at financing rental properties in townships – the uMaStandi Fund – which has attracted R125-million in funding from new sources in its first year of operations.

uMaStandi provides financing in townships – backing property developers in townships to provide decent and affordable rental accommodation – thereby unlocking investment potential in a market segment that has historically largely been ignored by traditional financiers.