Funding institutions which support the

department of human settlements in S.A

The Department of human settlement in South Africa tries its utmost best to
provide access to adequate housing. Many financial institutions enable
financial help to support the process of providing adequate housing in South
Africa.

The role of financial institutions is are to provide financial transactions and play
as a mediator in a countries economic activity. There are many functions of
these institutions however there are four core functions that these institutions
are divided into. The Financial management function is responsible for
checking cash and cash flow management. It is also responsible for financial
administration and reporting. The next core function is the Property
management function. The responsibilities of this function is providing
maintenance and rental administration. Property development is next with the
responsibility of assembling projects for funding as well as financial feasibility
assessment. Finally, the last core function is Strategic management. The
responsibilities of this management function is organising leadership and
controlling risk management. These core functions are very important for the
fluidity of financial institutions.

A number of financial/housing institutions have been established by the

department of human settlements. The National home builders registration
council, a financial/housing institution is responsible for housing consumers
about their rights, duties and obligations. The National housing finance
corporation was developed to facilitate and fund affordable housing. Another
example of a financial institution is the National urban reconstruction and
housing agency. This institution maximises options for financing the
construction of housing. They ensure that supporting services are provided to
municipalities.

Institutions and financial institutions provide a great help to the department of

human settlements. The distribution of funds allow more adequate housing
and services to be provided to the public which is a great help.