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

Regulations

Social Housing Regulations

Chapter 5 : Investment Criteria

23. Rentals/Levies and Tenure Costs

 

(1) The social housing institution must establish, for a defined time period, the costs relating to the tenure option offered, including any levies and administration charges.

 

(2)        The gross rentals/levies must—

(a) cover per unit operating costs; and
(b) not exceed 33.3% of monthly household income, as contemplated in subregulation (3).

 

(3)        Target rentals/levies must be as follows:

(a) a minimum of 30% of the units must support rentals/levies for households earning less than R 3,500 per month; and
(b) a maximum of 70% of the units must support rentals/levies for households earning between R 3,501 and R 7,500 per month.

 

(4) Households earning more than R 7,500 per month are not eligible other than if it is amended in the Housing Code.

 

 


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