Earn below R22,000pm? You may qualify for a housing subsidy of up to R121,626

The "Finance Linked Individual Subsidy Programme" (Flisp) is a housing subsidy for first-time homebuyers who need assistance to afford the purchase.

If your total household income is between R3501 and R22 000 per month you may qualify for a Flisp subsidy if you meet the following criteria:

• Must be South African or have permanent residency.
• Have never received a housing subsidy from the government.
• Have never owned residential property.
• You must be older than 18 and able to enter into a legally binding contract.
• You must be married or cohabiting.

Flisp subsidies may be used for first-time homebuying only.

It may also be used to buy vacant, serviced land linked to a house-building contract.

The subsidy amount depends on the applicant's income and varies between R27 960 and R121 626.