The Social Housing Regulatory Authority (SHRA) was created in terms of the Social Housing Act 16 of 2008, and is the current Custodian of Social Housing in South Africa. The purpose of Social Housing is to contribute to the National priority of restructuring South African society in order to address structural, economic, social and spatial dysfunctionalities; therefore contributing to Government’s vision of Sustainable Human Settlements. Social Housing contributes to widening the range of housing options available to the poor.
The Social Housing Investment Programme was established through this Act and the SHRA is responsible for the implementation thereof. To this end, the Regulatory Authority developed the Social Housing Regulations based on the Act.
The Social Housing Investment Programme consists of different investment categories, being:
- Capital Investment in respect of social housing projects; and
- Institutional Investment in respect of Institutional Development and Accreditation, Project Packaging, and Risk Management.