Individual Housing Subsidies
Individual housing subsidies are available to low-income households, where an applicant wishes to buy a residential property for the first time. The subsidy can be used to buy an existing house - including the property on which the house stands. It can also be used to buy a house on a plot-and-plan basis, or to finish an incomplete house. Successful applicants will receive this subsidy only once. It is not a cash pay-out, but is paid directly to a financial institution or a conveyancing attorney.
Who can apply for an Individual Housing Subsidy?
You qualify for a housing subsidy if ALL of the following statements are true:
If you answer "true" to all of the above, then you are probably eligible for a housing subsidy. In addition to the above, single persons without financial dependants; such as the aged, disabled etc. may be assisted.
You cannot apply for a housing subsidy if you have received a subsidy or housing assistance from the government before. But you can get a subsidy if you received a land grant.
How much is an Individual Housing Subsidy worth?
How much will I have to pay?
How do I apply for an Individual Housing Subsidy?
There are two kinds of Individual Housing Subsidies, based on whether you can pay your contribution to the house out of your savings, or if you need to borrow money to pay for it.
What documentation must I supply when applying for an Individual Housing Subsidy?
The following documents are required when the completed application form is returned:
Note: If this Department has previously subsidized the property being purchased, the applicant must provide an affidavit stating whether he or she is in any way related to the seller.
How is the Individual Housing Subsidy paid out?
Will I have to pay anything back?
Where can I find more information?
Department of Human Settlements
Call 021 483 6488 / 3112 / 0611/ 8984
07:30 and 15:00, Mondays to Fridays.
|Government Body:||(Western Cape Government)|