Housing_Act_107_of_1997_0.pdf

Summary

The provided text is an excerpt from the Housing Act 107 of 1997 in South Africa, which aims to facilitate sustainable housing development. It outlines the general principles applicable to housing development across all levels of government: national, provincial, and local. The Act defines the functions of each governmental sphere, providing for the establishment and continued existence of housing development boards and the financing of national housing programmes through the South African Housing Fund. It also addresses the transfer of assets and liabilities from previous housing entities and places restrictions on the sale of state-subsidised housing. The document concludes by repealing numerous older housing-related laws, indicating a comprehensive overhaul of housing legislation.