Finance Linked Individual Subsidy Programme (FLISP)
FLISP: The government subsidy for first-time homebuyers
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 buy a home. Households with an income between R3 501 to R22 000 may qualify for the FLISP subsidy if they meet all the criteria.
How do I apply for the Finance Linked Individual Subsidy Programme (FLISP)?What is the Finance Linked Individual Subsidy Programme (FLISP)?
NOTE: If the bank declines your home loan application, then you’ll 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 in your name in the past 12 months. Any applications after this window period are currently not considered.
Once you’ve received a home loan from a bank, the following documents are required, together with the completed FLISP application:
What is the subsidy amount that you can qualify for?
The subsidy amount depends on your income and ranges between R27 960 – R121 626. Download the brochure to view the sliding scale to determine the subsidy for different income brackets.
If you qualify for the FLISP subsidy – what can it be used for?
The FLISP subsidy assists you to:
Who to contact to check the status of your subsidy application?
You can contact the Department’s Helpdesk directly for further assistance or details regarding the status of your subsidy application. You can contact them telephonically or by e-mail.
Where can I find more information?
Department of Human Settlements
Call: 021 483 6488 / 021 483 0623 / 021 483 0611 / 021 483 3112 / 021 483 2060
Mondays to Fridays from 07:30 - 15:00
|Government Body:||(Western Cape Government)|