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National Gazette No. 38427, 28 January 2015, Vol 595, Page 9

20150128 - National Gazette No 38427 of 28-January-2015, Volume 595, page 9

Page	9 of 72
Gazette	National Gazettes, No 38427, from 28 January, 2015
Department	Human Settlements
Notice	Page No. 7 of 70, Notice No. 64, Social Housing Act No. 16 of 2008 » Rules on the transfer or disposal of social housing stock funded with public funds » Correction Notice
Act No	Act No. 16 of 2008

STAATSKOERANT, 28 JANUARIE 2015                       No. 38427  9

PART II

TRANSFER AND DISPOSAL OF SOCIAL HOUSING STOCK IN TERMS OF
                                         REGULATION 13(2) AND REGULATION 14

4.    Procedure for transfers and disposals

4.1        No social housing institution shall transfer or dispose of social housing stock to
                              another social housing institution save with the express written consent of the
                              Regulatory Authority.

4.2        A social housing institution that intends to transfer or dispose social housing
                              stock to another social housing institution shall apply in writing to the
                               Regulatory Authority for approval in respect of the proposed transfer.  Such

application shall be made on Form A for the purposes of a transfer and on
                               Form B for the purposes of a disposal.

4.3         For the remainder of this rule -

4.3.1           an application to transfer and an application to dispose shall be referred
                                    to as "the transfer application";

4.3.2           the parties to the intended transfer or disposal shall be referred to as:

4.3.2.1              the "transferor" being a reference to the applying party; and

4.3.2.2              the "transferee" being the party to whom the social housing stock
                                         is to be transferred or disposed.

4.4       The transfer application shall contain at least the following:

4.4.1           full details of the transferor and the transferee;

4.4.2           a description of the nature of the proposed transfer;

4.4.3           details of whether the social housing stock was acquired, developed or
                                    refurbished by the transferor;

4.4.4           details of the funding model that was used to fund the project which is
                                    the subject of the transfer application. The transferor must provide the
                                    Regulatory Authority with a detailed breakdown of the funding procured
                                    for the project indicating the total funding procured in terms of the

Institutional Subsidy Programme and the RCG programme, provincial
                                    funding, debt finance and/or equity finance;

500188—B

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