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

Rules

Rules on Long-Term Accreditation of Social Housing Institutions

Chapter 2

6. Accreditation of social housing institutions
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6.1An institution shall be accredited as a social housing institution if—

 

6.1.1It satisfies the requirements of qualifying criteria for accreditation as contemplated in regulation 3 of the Regulations; and

 

6.1.2It submits an application for accreditation in accordance with the prescribed processes and the procedures set out in these rules.

 

6.1.3Subject to the provisions of rule 9 of these rules, where the institution meets the baseline requirements, or minimum criteria for accreditation, the Regulatory Authority may grant such institution conditional accreditation for a period not exceeding two (2) years, provided that:
6.1.3.1the interest of all relevant stakeholders, especially the providers of finance, are protected; and
6.1.3.2the institution is in a position to successfully undertake an approved project, or housing development projects in a sustainable manner within a short period of time.

 

6.1.4Where an institution meets all the accreditation criteria, such an institution shall, subject to these rules, be awarded full accreditation for a period not exceeding five (5) years.

 

6.1.5Fully accredited institutions shall be required, prior to the five-year lapse period, to re-apply for accreditation, as contemplated in rule 14 of these rules.