All You Need to Know about Housing Subsidies
We all know that buying a home is a big investment that requires careful planning. Even though we cut down on the luxuries and other non-essentials, it can sometimes
be tough to buy that dream home.
This is why the Western Cape Government is making housing subsidies available to low-income applicants who want to buy residential property for the first time.
Who can apply for a housing subsidy?
You qualify for a housing subsidy if all of the following statements apply to you:
If you answer "yes" to all these questions, then you are probably eligible for a housing subsidy. Single people without financial dependants – such as the senior citizens, disabled people, etc. can also apply.
Note: 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.
A housing subsidy can be used to:
How much is a housing subsidy worth?
How do I apply for a housing subsidy?
There are two kinds 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 documents will I need to apply?
You will need:
Note: If the Western Cape Government has previously subsidised the property you are buying, you will need to provide an affidavit stating whether you are related to the seller.
How is the housing subsidy paid out?
If your application is successful, you will receive this subsidy only once. It is not a cash pay-out, but is paid directly to:
To prevent fraud, in cases where a homebuyer has to make a contribution to the cost of a house, the buyer will need to pay this contribution in full before the subsidy is paid out.
Will I have to pay anything back?
The housing subsidy is not a loan and you do not need to pay it back.
However, if you have a finance-linked individual subsidy, you will have to pay back your loan to the financial institution that gave it to you.
Who do I contact to check the status of my subsidy application?
You can call or e-mail the Helpdesk for more help or details regarding the status of your subsidy application.
Where can I find more information?
You can visit the Department of Human Settlements at 27 Wale Street, Cape Town or call the helpdesk on 021 483 6488 /3112 /0611 /8984 /0623 (Mondays to Fridays from 07:30 - 15:00).
You can also e-mail email@example.com for more information.
|Government Body:||(Western Cape Government)|