The FLISP Housing Subsidy Programme is aimed to make home ownership a reality for first time home buyers

 

What is FLISP ?

FLISP stands for Finance Linked Individual Subsidy Programme. The FLISP Housing Subsidy programme was developed by the Department of Human Settlement to enable first time home ownership opportunities to South African citizens who earn between

R 27 960 and R 121 626  per month.

What is the objective of FLISP?

The objective of the programme is to reduce the initial mortgage loan amount to render the monthly loan repayment installments affordable over the loan payment term.

 

Who is FLISP targeted at?

  • Households whose income range is a minimum joint monthly income of between R 13 500 and R 22 000, and are South African citizens.

  • The FLISP Subsidy is at the moment only available in Lufhereng, Soweto.

 

FLISP assists qualifying beneficiaries who wish to obtain mortgage finance from a lender to:

  • Acquire ownership of an existing residential property.

  • 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

  • Build a new house with the assistance of a home builder registered with the National Home Builders Registration Council (NHBRC), on a serviced residential stand, that is already owned by the beneficiary.

FLISP HOMES now AVAILABLE in LUFHERENG!

  • Choose the stand and home that suits you best 

  • FLISP 2 Bedroom homes selling from R 414,000 (all costs included)

  • FLISP 3 Bedroom homes selling from R 514,000 (all costs included)