Finance Linked Individual Subsidy Programme (FLISP)
What is the Finance Linked Individual Subsidy Programme (FLISP)?
The FLISP programme is a housing subsidy for first-time home buyers to assist with purchasing a home. The subsidy is paid to your bank or financial institution and will reduce your monthly loan instalments, making it more affordable to purchase a home. Households with an income between R3 501 to R22 000 may qualify for the FLISP subsidy if they meet all the criteria.
What is the qualification criteria to apply for a FLISP subsidy?
You qualify for this subsidy if:
If an applicant qualifies for the FLISP subsidy – what can it be used for?
The FLISP subsidy assists you to:
What is the subsidy amount that one can qualify for?
How do I apply for the Finance Linked Individual Subsidy Programme (FLISP)?
NOTE: If the home loan application is declined by the bank, then you will not be able to access the Finance Linked Individual Subsidy Programme (FLISP).
To apply for FLISP, you must be in the process of purchasing a property. You can also apply if the property was registered on your name in the past 12 months. Any applications after this window-period are currently not considered.
Who to contact to check the status of your subsidy application?
The Department’s Helpdesk can be contacted directly for further assistance or details regarding the status on your subsidy application. This can be done either telephonically or through an e-mail.
Where can I find more information?
Department of Human Settlements
Call: 021 483 6488 / 021 483 0623 / 021 483 0611 / 021 483 8984
Mondays to Fridays from 07:30 - 15:00
FLISP: The government subsidy for first-time homebuyers
|Government Body:||(Western Cape Government)|