JOSHCO was established in March 2004 by the City of Johannesburg (CoJ) with a mandate to provide and manage social and affordable rental housing that services various household income levels (R1,500 to R15,000 per month), especially those at lower income levels, as part of the City’s implementation strategy to eradicate its housing backlog.
JOSHCO currently manages 8,566 rental units, of which 3680 are social housing units and 4805 are unregulated rental units. The core business of JOSHCO includes the development of social and rental housing; the conversion and refurbishment, upgrading and management of some of the City-owned rental housing stock; the refurbishment, upgrading of some city-owned rental stock, upgrading of hostels and the provision of turnaround strategies where necessary.
JOSHCO’s existence is as an integral part of efforts to eradicate the housing backlog within the City of Johannesburg. JOSHCO is a council-owned body run by an independent board and is both a developer and a rental agent. JOSHCO is a registered Social Housing Institution and is accredited by the Social Housing Regulatory Authority (SHRA), predominantly serving families whose total household income is between R3500 and R7500 per month (for SHRA funded projects).
JOSHCO also caters for Johannesburg residents earning between R1500 – R15 000 in certain projects. The company’s implementing belief is combining quality and quantity in an endeavor to develop social housing settlements that transform the lives of JOSHCO’s tenants.