This programme provides funds for the re-development of government owned housing stock (e,g, hostels, council flat buildings) for low cost rental. CRU targets low income persons and households earning below R3500 per month who are not able to be accommodated in the formal private rental and social housing markets.

The funds through the CRU Programme will be utilised for development of the following public rental housing assets:

• Old workers’ hostels that are either government owned (either by provinces or municipalities) or that have both a public and private ownership component
• Public housing stock that forms part of the enhanced extended discount benefit scheme but which cannot be transferred to individual ownership and has to be managed as rental accommodation by the public owner
• Publicly owned rental stock developed after 1994
• Existing dysfunctional, abandoned, and/or distressed buildings in inner cities ortownship areas that have been taken over by a municipality and funded through housing funds