German technical assistance for National Housing Finance Corporation: briefing
Human Settlements, Water and Sanitation
13 October 1999
Meeting Summary
A summary of this committee meeting is not yet available.
Meeting report
HOUSING PORTFOLIO COMMITTEE; PUBLIC SERVICES SELECT COMMITTEE: JOINT MEETING
13 October 1999
GERMAN TECHNICAL ASSISTANCE FOR NATIONAL HOUSING FINANCE CORPORATION: BRIEFING
Documents handed out
National Housing Finance Corporation Briefing
MINUTES
The General Manager of National Housing Finance Corporation (NHFC), Mr M Pillay, briefed the meeting about the National Housing Finance Corporation.
[Note: A summary of his briefing is not available. However his briefing document is available below]
Questions from members
Is the advisory council going to be a national council or is going to be provincial council?
Mr Pillay: It is not a council, it is an advisory panel. It is going to be a national function since NHFC is a national body.
Mr de Vos (DP): Regarding loans granted by the NHFC, are these loans granted by banks or who is going to give money?
Mr Pillay: The money will be given by NHFC to lenders.
Chairperson (Ms Hangana): Regarding redlining by the banks, are you communicating with banks?
Mr Pillay: The NHFC communicates with The Banking Council to deal with the redlining of people.
Why does money goes to capacity building rather than housing?
Mr Pillay: The funds from the Germany government are earmarked for capacity building and NHFC grants loans for housing.
The meeting was adjourned.
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