FLISP Subsidy Housing
What can first time home buyers do with FLISP ?
Applicants can qualify for a FLISP subsidy amount of between R20 000 and R87 000, depending on the applicant's combined monthly household income.
Qualifying applicants can choose to purchase a house in a FLISP approved development, such as Ndlu Housing.
FLISP assists qualifying beneficiaries who wish to obtain mortgage finance from a lender to:
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Acquire ownership of an existing residential property.
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Obtain vacant serviced residential stands which are linked to house-building contracts with home builders registered with the National Home Builders Registration Council (NHBRC) or
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Build a new house with the assistance of a homebuilder registered with the National Home Builders Registration Council (NHBRC), on a serviced residential stand, that is already owned by the beneficiary.
How do I qualify for a FLISP subsidy?
There are six simple questions that if you can answer yes to, will mean that you qualify for a subsidy.
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Do you earn between R3 501 to R22 000.
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Are you a South African citizen with a valid Identity Document, or be a permanently resident with a permanent residence permit?
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It is true that you have NEVER qualified for a government housing subsidy before.
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It is true, that you have not owned a fixed residential property before.
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Are you competent to contract - over 18 years or legally married or legally divorced and of sound mind.
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Are you married or cohabiting. OR are you single with financial dependents.
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You want to live in Lufhereng, Soweto.
How do I apply for FLISP?
First and foremost you must be in the market looking for a house and should be able to secure a home loan as it is a requirement to access the Finance Linked Individual Subsidy Programme (FLISP) subsidy.