SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Demonstrate an understanding of and explain housing finance mechanisms and products 
SAQA US ID UNIT STANDARD TITLE
243743  Demonstrate an understanding of and explain housing finance mechanisms and products 
ORIGINATOR
SGB Housing 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 12 - Physical Planning and Construction Physical Planning, Design and Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  8 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard will equip learners with the knowledge and skills required to describe the different housing finance options and to understand the implications of each for the consumer.

The qualifying learner will be capable of:
  • Analysing housing finance mechanisms.
  • Comparing housing finance options.
  • Critically evaluating housing subsidy schemes and programmes.
  • Recommending a suitable housing finance to housing beneficiaries. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is also assumed that learners accessing this unit standard will have demonstrated competence in Mathematical Literacy, Communication and Computer literacy skills at NQF Level 5 or equivalent. 

    UNIT STANDARD RANGE 
    Housing finance tools and mechanisms include but not limited to: savings, deposits, investments, mortgage bonds, non-mortgage loans, participation bonds, debentures, unit trusts, financial lease; Housing subsidy schemes credit-linked and non-credit linked subsidies,: Financial Services Charter; Financial institutions. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Conduct an analysis of housing finance mechanisms. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Key housing financiers are explained in terms of their role in providing housing finance products to qualifying individuals. 
    ASSESSMENT CRITERION RANGE 
    Key housing financiers include but is not limited to banks; small banks; micro-lenders; Non Governmental Organisation (NGOs), Parastatals, housing institutions and Wholesale funding.
     

    ASSESSMENT CRITERION 2 
    Specific housing products are analysis to determine suitability for housing development projects. 

    SPECIFIC OUTCOME 2 
    Compare and contrast housing finance products. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Each housing finance instrument is analysed and discussed in detail for the purposes of comparison and recommendation. 

    ASSESSMENT CRITERION 2 
    A comparison of the housing finance product is made with examples. 
    ASSESSMENT CRITERION RANGE 
    Mortgage; non-mortgage; qualifying criteria; other.
     

    ASSESSMENT CRITERION 3 
    An analysis of the housing finance instruments/products available to other role-players in housing delivery provides details in terms of advantages and disadvantages. 
    ASSESSMENT CRITERION RANGE 
    NHFC, Nurcha; Rural Housing Loan Fund; international funders; others.
     

    SPECIFIC OUTCOME 3 
    Critically evaluate housing subsidy schemes and applicable housing programmes in terms of beneficiary housing finance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The various housing programmes are explained and their functions discussed to determine their relevance to individual, group or community housing needs. 

    ASSESSMENT CRITERION 2 
    The individual subsidy schemes are explained and the specifics of each discussed in terms their application in housing development projects. 

    ASSESSMENT CRITERION 3 
    The application process for a housing subsidy is explained to consumers using examples. 

    ASSESSMENT CRITERION 4 
    Knowledge of the process of the allocation of housing funds for housing development is demonstrated using a case study. 

    ASSESSMENT CRITERION 5 
    The procedures regarding the disbursement of housing funds by government institutions are explained with examples. 
    ASSESSMENT CRITERION RANGE 
    Provincial government, accredited municipalities, housing institutions, all subsidy mechanisms.
     

    SPECIFIC OUTCOME 4 
    Recommend a suitable housing finance to housing beneficiaries. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The different housing finance option is explained within a specific context. 

    ASSESSMENT CRITERION 2 
    Each housing finance option is assessed in accordance with the organisational requirements to apply and access a particular housing finance products. 

    ASSESSMENT CRITERION 3 
    The advantages and disadvantages in relation to the housing product preferred are explained with examples/using a case study. 

    ASSESSMENT CRITERION 4 
    A recommendation is made to housing consumers based on the facts collected. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a learner or moderating the assessment of a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable the achievement of this Unit Standard must be accredited as a provider with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Assessment and moderation of assessment will be overseen by the relevant ETQA or by an ETQA that has a Memorandum of Understanding with the relevant ETQA, according to the ETQA's policies and guidelines for assessment and moderation.
  • Moderation must include both internal and external moderation of assessments at exit points of the Qualification, unless ETQA policies specify otherwise. Moderation sould also encompass achievement of the competence described both in individual Unit Standards as well as the integrated competence described in the Qualification.
  • Anyone wishing to be assessed against this Unit Standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The qualifying learner is able to demonstrate a basic knowledge and understanding of:
  • A comprehensive understanding of end-user finance in order to acquire a house.
  • A general understanding of financial institutions providing finance for housing purposes.
  • A general understanding of government housing finance in the form of housing subsidy schemes.
  • Eligibility criteria to qualify for a housing subsidy. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identifying and solving problems during the processing of applications for housing finance and/or subsidy from relevant institutions. 

    UNIT STANDARD CCFO WORKING 
    Working effectively with others when providing assistance to others in relation to the processing of subsidies for qualifying households. 

    UNIT STANDARD CCFO ORGANISING 
    Organising and managing oneself and one's activities responsibly and effectively by discussing the processes involved in managing subsidy applications and the approach to managing and processing such applications. 

    UNIT STANDARD CCFO COLLECTING 
    Collecting, analysing, organising and critically evaluating information pertaining to the application of subsidies in terms of the waiting lists and eligibility criteria. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicating effectively with relevant stakeholders and/or end-users with regards to their application for housing subsidies or housing finance from financial institutions and disseminating information regarding approvals. 

    UNIT STANDARD CCFO SCIENCE 
    Using technology effectively and critically to capture data in relation to applications for housing subsidies. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrating an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation by, e.g.
  • Discussing the purpose of housing subsidies and explaining the qualification criteria with applicants. 
    		•

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  66089   National Certificate: Human Settlements Development  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CETA 
    Core  58246   Bachelor of Human Settlements Development  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2018-06-30   
    Elective  80946   National Certificate: Community Development  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.