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This presentation provides a historical overview of Servcon Housing Solutions and highlights their strategic objectives, vision, and mission. It also discusses the challenges and adopted solutions for suitably located land and landed properties. The report includes an analysis of land availability and the finalization of the ring-fenced portfolio.
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SERVCON EXPENDITURE REPORT2007/08 – 2008/09 PRESENTATION BY MR. L MPAMBANI AND MR. M RAKGOGO
HISTORICAL OVERVIEW OF SERVCON HOUSING SOLUTIONS • Servcon originally derived its mandate from agreements between the National Department of Housing (NDoH), representing the Government, on the one hand and the Council of SA Banks (BASA) representing the banks, on the other to undertake various interventions aimed at assisting with the normalization of lending in the low cost housing market in RSA. • By May 2006 630 PHD subsidies were still outstanding. On 30 May 2006 the Government, BASA, banks and Servcon signed a finalization agreement termed “Sale of shares and settlement of claims” i.t.o. which NDoH would pay the outstanding 630 subsidies on behalf of PHDs, buy BASA’s 50% share in Servconand refund subordinated loan accounts to participating banks.
HISTORICAL OVERVIEW OF SERVCON HOUSING SOLUTIONS • The ring-fenced portfolio has been fully paid by the Department to the participating Banks, now therefore all stock not yet signed for by beneficiaries is under the control of the banks and other stock is still with Attorneys as WIP. • Servcon is with effect from 1 July 2006 been 100% owned by government, this after the Department bought all shares from BASA. The entity has entered into various SLA’s with Provincial Departments to render various services
STRATEGIC OBJECTIVES. • Identify, Acquire / Facilitate acquisition; Hold and Manage suitably located Land & Landed (Improved) Properties. • Normalize and Regularise properties built/owned by respective Provincial Housing Departments; and • Finalization of the Ring-Fenced portfolio;
VISION • A NORMALIZED LOW-INCOME/SUBSIDISED PROPERTY PORTFOLIO, SUSTAINABLE AND SUITABLY LOCATED LAND DISPENSATION THAT PROMOTES AND ENHANCES INTEGRATED HUMAN SETTLEMENT DEVELOPMENT
MISSION • To continue playing a leading role in normalizing the low-income housing portfolio, to make a significant contribution towards the development of the integrated human settlement environment including the identification, receipt, acquisition, holding, disposal of suitably located land and landed properties within the confines of the Breaking New Ground in Housing Delivery for majority of our society.
NORMALIZATION OF LOW INCOME HOUSING PORTFOLIOS • Facilitate home ownership for beneficiaries through regularization and facilitating the registration and transfer of title deeds. • Facilitate the clean-up and/or updating of Housing Subsidy System (HSS) Database to ensure data integrity. • Ensure correlation between HSS, Occupant and Deeds Records. • Rectify major defects of the pre-2002 housing stock.
SUITABLY LOCATED LAND AND LANDED PROPERTIES SITUATIONAL ANALYSIS CHALLENGES • The limited availability of suitable Land coupled with the high cost of this land for housing development is a severe constraint of the Breaking New Ground strategy. • The invasion of suitable land by the landless people poses a major risk if NOT properly managed. • The holding costs of the land, where development is delayed or not accelerated, threaten the reliability of project development estimates.
SUITABLY LOCATED LAND AND LANDED PROPERTIES SITUATIONAL ANALYSIS ADOPTED SOLUTIONS. • The focus should be placed on state owned land (DPW, DoLA, DPLG etc), where the expected cost of acquisition would be zero. • Continuous monitoring of vacant land for early warnings when invasions begin. • Letting of the property where possible.
ANALYSIS OF LAND AVAILABILITY. • Servcon is conducting the desk-top analysis of available land and landed properties throughout the country, based on existing studies and sources with a view to assisting the Agency regarding prioritisation of suitable land for human settlement development. • The study is being conducted to determine the housing development suitability on all the acquired land and will be handed over to the new agency with the comprehensive plan. • Some land pieces are being immediately released to the various municipalities/provinces that are urgently in need of the land for strategic housing development, the land is been released on the municipalities/provinces request. • The primary objectives are to align ours to those of the national department’s objectives and also follow the housing/land sectors legislations.
FINALISATION OF THE RING-FENCED PORTFOLIO • In October 2004 Servcon was mandated to facilitate the transfer of 12 274 properties using the Special “right sized in-situ” program. • As at the end of March 2008, 11 474 properties had been transferred to beneficiaries. • The majority of the remaining 800 properties will be completed before 31 March 2009. • Although all subsidies have now been fully paid to banks, nevertheless the occupants of 227 properties remain uncooperative.
NDIYABULELA!!! NDIYABULELA!!!THANK YOU!!!DANKIE!!! QUESTIONS???
