JOHANNESBURG – Buying your first home may seem like a dream, especially if you’re not earning a big salary.
While property prices have ballooned over the years, the idea of being able to buy your dream home has floated away for many of us too. But that’s changing, and it’s all thanks to FLISP.
What is FLISP?
A government-backed initiative that seeks to promote and secure first-time home ownership for lower income earners in South Africa, FLISP makes it possible for people like you to own the home you want.
The Finance Linked Individual Subsidy Programme (FLISP) was introduced by the Department of Human Settlements in 2012 and, in July 2018, the applicable income threshold for the programme was increased.