how we are funded

Madulammoho works on a system of economic cost recovery wherein rentals are geared to cover the costs of any capital repayments on the redevelopment of the project, as well as all administrative and managerial costs.

For the fourth year running, Madulammoho's primary income has come from our rentals and the company is no longer dependent on operational funding for our financial sustainability. (The graph below shows Madulammoho's revenue income from 2006 to 2010.)

Though our primary income is from rental payments, Madulammoho is partly funded through a variety of operational and capital funding sources, which include:

• The Gauteng Partnership Fund
• The Gauteng Department of Human Settlements
• Donor funding from DIG and the European Union
• The National Housing Finance Corporation

This external funding allows for Madulammoho's continued growth and ensures that we are able to meet our mission of providing clean, safe and affordable housing options for people in need.