Recently, the Tenure Support Centre (TSC) has collaborated with Hlano Financial Services (formerly Khayalethu Home Loans) on a groundbreaking initiative in Mandela Park, Khayelitsha. Our joint efforts are geared towards addressing persistent issues with title deeds, offering hope and security of tenure to numerous families and individuals in the area who have been waiting for this resolution for many years, and unlocking a significant amount of dead capital.
In the early 1990s, Mandela Park experienced rapid development. Many property owners turned to Hlano for mortgage bonds to finance their dream homes. Unfortunately, a significant number of these loans defaulted over time which meant property owners faced the constant threat of eviction and repossession of their homes.