It was reported that the annual capital budget was R220 million, funded primarily through the conditional grant and equitable share. Kokstad Municipality had also applied for a R13 million loan from the Development Bank of Southern Africa for upgrading of Kokstad's infrastructure. The interaction with the HDA has not yet been effected. With regard to social housing, it was reported that state-owned land was not available. However, urban regeneration plans were in place. The Riverside phase 1 was a blocked project and the NHBRC had been appointed to assess the houses. Umzikhulu phases 5 and 6 were being implemented. Both projects were due for completion early in 2012/13. All other projects in the area were not able to proceed to implementation or resuscitation due to challenge with land availability and bulk services.