JOSHCO carries out its mandate through a range of projects that are spread through the organisation’s portfolio which comprises of: conversion of Council owned hostels to family homes, refurbishment of COJ owned flats in council estates, development of new units in greenfield areas, and refurbishment of inner city buildings. JOSHCO has grown rapidly since it was created by the COJ in March 2004 to develop and manage properties in each of these four areas of its mandate.
What is the business of JOSHCO?
JOSHCO’s sole purpose is to provide affordable and quality rental housing to the people of Johannesburg funded through provincial subsidies, national and municipal grant funding as well as loan funding. JOSHCO caters predominantly for individuals earning a household income between R1 500 – R7 500 per month.
What services does JOSHCO provide?
JOSHCO performs two principal functions. Firstly, it acts as a developer; by appointing contractors and professionals to build suitable housing. Before construction takes place, JOSHCO ensures that suitable land is obtained and that the necessary finances are secured, either through grant funding or low interest bearing loans. JOSHCO also refurbishes existing properties such as hostels and buildings within the Inner City.
Secondly, JOSHCO manages newly constructed rental housing stock as well as existing housing properties acquired from the City of Johannesburg. Management of properties means that JOSHCO selects, allocates and trains suitable tenants for occupation, ensures collection of rentals, conducts regular property maintenance and ensures that customers receive a good and reliable service.