Land Banking Strategy for the Housing Development Agency
A national land banking strategy guiding the Housing Development Agency on identifying, acquiring, holding and developing land for future affordable human settlements.
2017 · Housing Development Agency · Land strategy and policy development · 4 months duration
Key contributors: Femi Adegeye, Tshepo Tsotetsi
The Housing Development Agency (HDA) appointed Cadre to develop a land banking strategy and assess its impact on the agency and the national human settlements development programmes and projects. Land banking is the acquisition of land by government in advance of need, treating land as an appreciating asset whose value grows through publicly provided services.
Cadre defined the strategy around identification, acquisition, holding and development of land over short, medium and long terms. The work considered holding duration, the effect of land banking on holding costs, cost containment methods and revenue-generating techniques. Because land banks are organised differently across countries, Cadre applied a common evaluation framework built on three elements — objectives, strategy and results — linked to policy, management and operational levels.
The strategy positions the HDA to act proactively as a developer for the state: identifying land for long-term housing development in South African cities, building an asset base, attracting private developers, and providing affordable housing with an urban restructuring agenda.
Key figures: National programme scope | 3-element evaluation framework | 4-month delivery