MMH attracts IFC into its student housing fund
South Africa’s third largest financial group is aiming to provide accommodation for up to 15,000 students over the next few years.
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▪ MMH attracts IFC into its student housing fund
▪ South Africa’s third largest financial group is aiming to provide accommodation for up to 15,000 students over the next few years.
12/10/2020 at 15h06, by Aurélie Benoit
Faced with the continent’s growing housing needs, the International Finance Corporation (IFC) has confirmed its commitment to the issue by contributing almost $9m to a dedicated fund in South Africa. Focused specifically on affordable housing for students, the Momentum Student Accommodation Impact Fund (MSAIF) is targeting the construction of 10,000-15,000 bedrooms in various South African cities, amounting to some ten projects located near universities or training centres. The totality of the funds, R 2bn according to our sources, will be invested over the next seven years.
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