Housing development fund definition
Examples of Housing development fund in a sentence
Housing development fund The Housing Development Fund was established in terms of the Housing Act, (Act No. 107 of 1997).
This includes the following: Land; Buildings; Infrastructure assets; Community assets; Other property, plant and equipment; and Housing development fund assets.
Interest may be transferred from the Accumulated surplus/ (deficit) to the Housing development fund or the Insurance reserve.
The organizational requirements for such a company are as follows: Housing development fund company (not-for-profit): Laws under which incorporation required: (1) PHFL Article 11 and NPCL or (2) PHFL Article 11, PHFL Article 2, and NPCL.
This includes the following: ▪ Land;▪ Buildings;▪ Infrastructure assets;▪ Community assets;▪ Other property, plant and equipment; and▪ Housing development fund assets.