Article summary

• FLISP are a federal government program that provides an effective subsidy to help you basic-date homebuyers getting anywhere between R3,501 and you may R22,100 30 days.
• not, the latest homebuyer have to basic be eligible for a home loan and should be either partnered, cohabiting or unmarried with at least one dependant.
• Millennials and you can Gen Z would be to seize this possibility to get out of rent pitfall.

Getting basic-day homeowners, and especially millennials whom worry are cme FLISP (Money Connected Individual Subsidy Programme) renders getting property a sensible applicant to own low-money earners. For many who earn anywhere between R3,501 and you may R22,000 30 days, your stand to make the most of this program.

Much more about FLISP, and exactly how it works as the a primary-day homebuyer give

FLISP was an authorities subsidy, designed to assist medium so you’re able to lowest-money earners. It in the first place only sent to people who received below R15,100 a month, but as that number could have been elevated to R22,100. Inside chronilogical age of ascending family rates and cost out-of way of life, this is a critical benefit to possess first-day homebuyers. Read more