Post realization
- FLISP are a federal government programme one to provides an excellent subsidy to help you earliest-day homebuyers making anywhere between R3,501 and R22,000 a month.
- not, the homebuyer have to basic be eligible for home financing and really should be hitched, cohabiting or unmarried which have one dependent.
- Millennials and you will Gen Z is always to grab this possibility to move out of one’s book trap.
To possess basic-go out homebuyers, and particularly millennials just who anxiety getting cme FLISP (Money Connected Individual Subsidy Program) can make obtaining a property a sensible choice to possess reasonable-earnings earners. For those who earn anywhere between R3,501 and you will R22,one hundred thousand a month, your might take advantage of it programme.
A lot more about FLISP, and how it really works given that a first-date homebuyer give
FLISP are an authorities subsidy, made to let medium to help you lowest-income earners. It to begin with simply sent to individuals who attained less than R15,one hundred thousand thirty days, however, given that you to count might have been raised to R22,100. Within this age rising family rates and cost off living, this can be a life threatening benefit getting first-go out homeowners.
What exactly do your indicate by the an effective subsidy?
Simply put, for people who qualify, the government gives you currency to simply help purchase a home. Read more