There is no plan by the National Treasury (NT) to speed up the transfer of ownership to 1 million households, per se. The Budget Review (Chapter 6, pg 73) refers to a backlog of around 1 million subsidised homes, which still need to be registered for title deeds, which is estimated at around R180 billion in equity.
However, there is a programme to ‘eradicate’ the title deeds backlog. This is led, undertaken and overseen by the national Department of Human Settlements (DHS).
DHS approached NT to create a separate Title Deeds Restoration Grant (TRG).
Through the 2018 Budget process, and after obtaining Cabinet approval, NT created the TRG, amounting to R518.7 million in 2018/19, R547.7 million in 2019/20 and R577.8 million in 2020/21.
Further details on the programme elements, monitoring and evaluation, must be referred to the DHS.