JOSHCO’s sole purpose is to provide affordable and quality rental housing to the people of Johannesburg funded through provincial
subsidies, national and municipal grant funding as well as loan funding. JOSHCO caters predominantly for individuals earning a household income between R1 500 – R7 500 per month.
JOSHCO performs two principal functions. Firstly, it acts as a developer; by appointing contractors and professionals to build
suitable housing. Before construction takes place, JOSHCO ensures that suitable land is obtained and that the necessary finances are secured, either through grant funding or low interest bearing loans. JOSHCO also refurbishes existing properties such as hostels and buildings within the Inner City.
Secondly, JOSHCO manages newly constructed rental housing stock as well as existing housing properties acquired from the City of Johannesburg. Management of properties means that JOSHCO selects, allocates and trains suitable tenants for occupation, ensures collection of rentals, conducts regular property maintenance and ensures that customers receive a good and reliable service.
JOSHCO's mandate from the City of Johannesburg is very specific. In terms of a resolution passed in
March 2004, JOSHCO was "appointed as the preferred implementing agent for social and institutional housing developments in the City of Johannesburg and to:
Manage all Council owned rental stock
Manage and refurbish staff and public hostels
Develop new rental stock and to implement other mutually agreed housing developments
Provide housing management services and turnaround strategies where necessary".