South Africa Secures €20M Loan From Proparco For Affordable Housing Push
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South Africa's housing crisis has secured fresh international backing. A €20 million loan will help deliver more affordable homes while supporting more sustainable urban growth.
French development finance institution Proparco has approved a €20 million loan to South African property developer Calgro M3 to accelerate the delivery of affordable housing.
The funding will support residential projects aimed at reducing the country's estimated 2.5 million-unit housing deficit while promoting more inclusive urban communities.
The investment is expected to expand access to quality housing for lower- and middle-income families and strengthen private-sector participation in tackling one of South Africa's biggest development challenges.
It also reinforces growing international confidence in the country's affordable housing market, with sustainability remaining a key focus of future developments.
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