The Transaction Support Centre (TSC) is an action-research project operating in Khayelitsha, a low-income neighbourhood of Cape Town. The project is a joint initiative with the Centre for Affordable Housing Finance in Africa and 71point. The TSC helps clients to formalise tenure, regularising informal property markets transactions that have taken place in the past, transferring properties out of deceased estates and securing primary transfer on properties that have never been formally transferred from government to housing subsidy beneficiaries. The TSC uses the experience of clients in the affordable market in Cape Town to engage with City, Provincial and National officials and policy makers. It also engages extensively with private sector stakeholders to drive change in the affordable housing market. At the same time as responding to individual client needs, the TSC also runs projects to address underlying structural problems in the market. Most recently the TSC has launched a blockchain-based property register pilot focusing on properties where no primary transfer has taken place (there is no title deed).
The TSC was launched in 2018 with funding and support from the Cities Support Programme and National Treasury. Since then the TSC has received funding from the Trust for Urban Housing Finance (TUHF) and uMastandi, and its operations are currently funded with support from the Oppenheimer Generations Fund.
The TSC was also awarded funding from the Cities Alliance to develop a report summarising the project’s key learnings since launch and strategy moving forward. The report is available to read at the link below.