The Department of Human Settlements offers a housing subsidy for low income, first time home owners by way of FLISP (Finance Linked Individual Subsidy Programme).
Successful applicants will have a combined household income between R3 501 – R15 000; be South African citizens, or have permanent residence permits; will not have qualified for a government housing subsidy before; will not have owned a residential property before; will be competent to contract; and will be married, or cohabiting, or single with financial dependents.
The documents must be submitted together with a valid sale agreement and bond approval. If all the requirements are met, applicant(s) could qualify for a subsidy of between R20,000 and R 87,000.
For more information, contact us at STBB.