Social Housing Act, 2008 (Act No. 16 of 2008)RulesRules in respect of the Transfer of Social Housing Stock or Rights and the Disposal of Social Housing Stock, 20141. Definitions |
In these rules, any word or expression to which a meaning has been assigned in the Act and the Regulations shall have the meaning so assigned and, unless the context indicates otherwise—
"Act"
means the Social Housing Act 16 of 2008;
"Applicant"
means a social housing institution which has made an application to the Regulatory Authority in terms of rules 3, 4 or 6;
"Business day"
means any day other than a Saturday, Sunday or gazetted national public holiday in the Republic of South Africa and "business days" shall have a corresponding meaning;
"Days"
means calendar days;
"Disposer"
means a social housing institution which has made an application to the Regulatory Authority in terms of rule 6 to dispose of social housing stock or a social housing institution whose application in terms of rule 6 has been approved;
"Regulations"
means the Social Housing Regulations published under Government Notice R51 in Government Gazette 34970 of 26 January 2012;
"Restructuring Capital Grant" or "RCG"
means the restructuring capital grant which is intended to contribute to the spatial, social, and economic restructuring of South African society by contributing to the delivery of viable, feasible and sustainable social housing projects which provide affordable rental housing to the poor;
"Rights"
mean rights which a social housing institution has in relation to social housing stock;
"Social Housing Programme"
means the Social Housing Programme, the objectives of which are to:
| (i) | contribute to the national priority of restructuring South African society in order to address structural, economic, social and spatial dysfunctionalities thereby contributing to Government's vision of an economically empowered, non-racial, and integrated society living in sustainable human settlements; and |
| (ii) | improve and contribute to the overall functioning of the housing sector and in particular the rental sub-component thereof, especially insofar as social housing is able to contribute to widening the range of housing options available to the poor; |
"Transferee"
means the social housing institution which takes transfer, or is intended to take transfer, of social housing stock or rights in accordance with rules 3 or 4;
"Transferor"
means the transferor, or intended transferor, of social housing stock or rights in terms of rules 3 or 4;
A social housing institution "under administration"
means a social housing institution which has been placed under administration by a high court as contemplated in section 12(9) of the Act.