​

A feasibility study shows whether or not a building project will be affordable and successful. This one was completed by the Social Housing Regulatory Authority (SHRA). The SHRA looked at many different factors which can affect a project, before during and after it is finished. They asked questions like:

 

What will be the cost to demolish and build the housing?
Who will pay for the project and will there be enough money?
How big is the property and how many flats can be built there?
What planning and zoning rules will affect the project?
What will it cost to run the project. Will it be able to pay its way?
How long will it take to build?

This current feasibility study released by the  Department of Transport and Public Works (DTPW) focuses on financial viability of building Social Housing on the Tafelberg site. This means it looks at whether a Social Housing project can be implemented without running a loss over the time. A financial feasibility study therefore summarises financial information such as the:

• different types of construction costs

• number of residential flats;

• sources of funding for the project including the grants that may be received from government;

• amount that may need to be borrowed;

• income expected from rental or sale of parts of the project; and

• ratios comparing all total income and total costs incurred.