JOIN OUR MAILING LIST |
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 |
Back | Back to top |