FINANCE LINKED INDIVIDUAL SUBSIDY PROGRAMME

The Finance Linked Individual Subsidy Programme (FLISP) is an instrument that assists qualifying households by providing a once-off down payment to those households who have secured mortgage finance to acquire a residential property for the first time.

To qualify, an applicant should:

  • Earn between R3 501 to R15 000.
  • Have secured an approved home loan.
  • Be a South African citizen with a valid Identity Document, or be a permanently resident with a permanent residence permit.
  • Not have qualified for a government housing subsidy before.
  • Not have owned a fixed residential property before.
  • Be competent to contract - over 18 years, or legally married or legally divorced, and of sound mind.
  • Be married or cohabiting, or be single with financial dependents.

More information can be obtained by the following means: