Human Settlements minister Mmamoloko Kubayi has announced significant adjustments to South Africa’s housing subsidies known as the Finance Linked Individual Subsidy Programme (FLISP).
Human Settlements minister Mmamoloko Kubayi has announced significant adjustments to South Africa’s housing subsidies, known as the Finance Linked Individual Subsidy Programme .
Kubayi said this will now be adjusted upwards to R1,850 – R22,000 gross monthly income and will be available for non-mortgage housing finance facilities from the 2022/23 financial year. “These announcements are welcomed by the affordable housing market, especially our qualifying customers. Ensuring that a subsidy is no longer dependent on a home loan is exactly what the market needs.
Smith said that Ooba is working with the National Housing Finance Corporation to help potential homebuyers. She added that potential homebuyers will benefit from being prequalified prior to starting the application process – for free.
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