Social Housing Act, 2008 (Act No. 16 of 2008)RulesRules on Long-Term Accreditation of Social Housing InstitutionsChapter 24. Accreditation Background |
| 4.1 | There are two levels of accreditation - full and conditional accreditation. These are a measure of the extent to which institutions are able to meet certain accreditation criteria. |
| 4.2 | Conditional accreditation is a temporary status given to institutions that have not met all the criteria for full accreditation. The conditional accreditation criteria have been identified as the minimum requirements an institution needs to satisfy to ensure the protection of public funds and targeted beneficiaries’ interests, or those of the public. |
| 4.3 | During the specified time that an institution is conditionally accredited, such institution is required to develop and implement a plan to ensure that the remaining criteria for full accreditation are satisfied. In this regard, the Regulatory Authority is committed to adopt a developmental approach to accreditation, and shall assist and support institutions where necessary to achieve full accreditation. |
| 4.4 | If an institution fails to meet the criteria for full accreditation at the end of the 2 (two) year period, the institution’s conditional accreditation may, subject to the provisions of these rules, be revoked. This is to ensure that social housing institutions continue to improve their practices and systems, as required by full accreditation status, instead of confining themselves to the minimum accreditation criteria. |
| 4.5 | The maximum duration for conditional accreditation is 2 (two) years, however, institutions shall be individually reviewed in order to determine individual compliance timeframes. |