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

Chapter 4 : Social Housing Institutions

15. Management of social housing institutions

 

(1) Each accredited social housing institution must—
(a) within 90 days of it having attained accreditation, prepare and submit to the Regulatory Authority for approval a corporate governance policy which must address at least—
(i) risk management and risk strategy policies with regard to, amongst other things, development, operational, financial, property management, human resource, market, institutional and compliance risks;
(ii) internal control and audit models;
(iii) all the requirements of the regulations; and
(iv) any other aspect that may be prescribed;
(b) appoint a competent manager who, through the assistance and support of competent personnel and systems—
(i) is responsible for the day to day management of the social housing institution and the housing stock developed through funding obtained in terms of the social housing programme;
(ii) is responsible for reporting to the Regulatory Authority in terms of this Act;
(iii) is the designated link between the Regulatory Authority and the social housing institution in respect of compliance with this Act or any regulations promulgated in terms of this Act; and
(iv) must ensure accreditation compliance; and
(c) submit to the Regulatory Authority a copy of its performance agreement with the municipality.

 

(2) The appointment of the manager referred to in subsection (l)(b) must be in writing and a copy of the letter of appointment must be sent to the Regulatory Authority within 21 days of such appointment.

 

(3)
(a) Any vacancy in the office of a manager must, within three months of such vacancy occurring, be filled, or all reasonable steps must have been taken to fill such vacancy, and a copy of the letter of appointment must be sent to the Regulatory Authority in terms of subsection (2).
(b) During the period of such vacancy the social housing institution must ensure that a competent person acts as manager.

 

(4) The social housing institutions must consult with the tenants and keep them informed of any rules and prescriptions regarding the management of the social housing units.