Housing Act

Question 1

Section 10 A1

Answer 1

Restriction of voluntary sale of state subsidized housing
- applies to all subsidies
- beneficiaries can’t sell the property within 8 years of aquestion
- prevents short term gain by preventing sale
- title deeds of subsidy housing include provision for applicants earning 3500 Ar less

Question 2

Section 10 B 1

Answer 2

Restriction of involuntary sale of state owned subsidies
- applies to all subsidies
- prevents successors from selling, without first offering it to the housing department at a price not greater than the subsidy
- allows financial institution to foreclose and sell property without housing department approvals
- recognizes credit right of financial institutes

Question 3

Legislation Objectives of housing act

Answer 3

• facilitate sustainable housing development
• outline role of ng,lg, and p.g in the provision of housing
• finance n’ HP
• eislabish general principle for housing development
• convert goals, principles and strategies of white paper into legislation
• establish SA housing development board and provincial as well