TUHF21, an impact-driven property finance company, has announced the finalisation of its first funding vehicle aimed at financing rental properties in townships. uMaStandi Fund has attracted R125 million in funding from new sources in its first year of operations. This reflects the ground-breaking work that uMaStandi is doing to provide financing in townships, thereby unlocking investment potential in a market segment that has historically largely been ignored by traditional financiers. The facility will be used to continue the good work started by uMaStandi of backing property developers in townships to provide decent and affordable rental accommodation.
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