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Another creative partnership gave birth to the Sediba House project.

Yeast entered into a 20-year lease agreement with its sister organization in the city, Pretoria Evangelism & Nurture (PEN). PEN, the landlord of this property, is responsible for managing and developing the ground floor and first three floors, using them for ministry work, small business, a seminary of the Uniting Reformed Church, and office space for various church-based or mission-based organizations.

Yeast agreed to convert and manage floors 4-6 into 45 apartment units. The first tenants also moved in on the 1st of December 2004.

Sediba House

Project description

45 institutional housing units

conversion of offices into

apartments, as part of a

multi-purpose community centre

Total project value

R 3,160,000

Funding:

 

Provincial housing subsidy

R 1,195,425.00

Loan finance

R 2,086,500

 

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