An agreement entered and concluded between the Regulatory Authority and Provincial Governments must—
| (a) | set out the respective roles and responsibilities of the Regulatory Authority and the Provinces in respect of social housing; |
| (b) | specify the proposed restructuring zones; |
| (c) | specify the process to approve, allocate and administer capital grants as contemplated in the social housing investment plan, and in this regard— |
| (i) | set out the process for determination of annual social housing programme and institutional subsidy allocation; |
| (ii) | set out the approvals process and timelines; and |
| (iii) | set out the payments process and timelines. |
| (d) | provide for regular monitoring of social housing projects by the Province and in this regard— |
| (i) | set out the monitoring information requirements; |
| (ii) | set out the monitoring process and timelines; and |
| (iii) | set out the minimum reporting submission requirements and submission dates to the Regulatory Authority. |
