Social Housing Act, 2008 (Act No. 16 of 2008)Chapter 4 : Social Housing Institutions15. 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. |