Social Housing Act, 2008 (Act No. 16 of 2008)RegulationsSocial Housing RegulationsChapter 5 : Investment Criteria23. 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. |