Housing subsidies for the Income Bracket (R 3501 – R 7500)

Do you earn between R3 501 – R7 500 per month?

If your household income falls between R 3501 – R 7500 per month, you may qualify for the one of the following government housing subsidies and programmes. To access one of these subsidies, you must be registered on the housing demand database at your nearest municipality. 

1. Help Me Buy A Home/FLISP

• This Help Me Buy A Home/FLISP can be used by first-time home buyers to purchase a property. It can also be used to purchase a serviced residential site or build a new house on a residential site that you already own.
• Subsidies are provided depending on your income bracket and can be used to reduce your monthly home loan repayments. This will make your home loan more affordable.
• The subsidy amount depends on the income of the applicant and ranges between  R 30 000 – R 130 500.
• Once your home loan is approved, you can apply directly to the Western Cape Department of Infrastructure for a Help Me Buy A Home/FLISP subsidy. You can also apply for this subsidy if you purchased your home in the past 12 months.

2. Social Housing Programme

• With the Social Housing Programme you can gain access to a rental house or apartment.
• Government funding is provided to Social Housing Institutions to manage the rental units. You then pay a reduced rental amount, based on your household income, to the Social Housing Institution.
• Enquiries and applications can be made directly at your nearest municipality.

3. Institutional Housing Subsidy

• With this subsidy you can gain access to a rental unit or rent-to-buy opportunity.
• Government funding is provided to Housing Institutions to build and manage the rental units. You then pay a reduced rental amount, based on your household income, to the Housing Institution.
• Enquiries and application can be made directly at your nearest municipality.

4. Integrated Residential Development Programme (IRDP)

• With this subsidy you will be able to get land, service a site and build a home. It is provided to Local Municipalities.
• Applications and enquiries can be made directly at your nearest municipality.

5. Enhanced Extended Discount Benefit Scheme

• This programme will help you become a homeowner of pre-1994 government-owned rental housing (municipal and provincial).
• If you have been renting a government property since before 1994, you can qualify for this programme.
• Enquiries and applications can be made directly at your nearest municipality.

Downloads

• Income Bracket (R 3501 – R 7500)