Social Housing Act, 2008 (Act No. 16 of 2008)

Regulations

Purchase

(1)	The social housing institution must demonstrate that it has sufficient management capacity and staffing plan which are flexible and responsive to changes in the number of units under development and changes to management.

(2)	The social housing institutions must be financially viable and with sufficient financial resources (liquidity) to ensure operational self-sufficiency.

(3)	The social housing institution must produce audited financial statements (income statements and balance sheets) and report its financial standing to its shareholders and investors.