FLISP – Relief for Property Developers & New Home Owners

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Property developers have been hampered by the challenge to deliver a house under the price range of R300 000.00 to make use of the FLISP subsidy and this prevents many aspiring home owners to buy their own homes.

Good news –

The Director General published enhancements to the Financial Linked Individual Subsidy Plan (FLISP) with the view to have a positive effect on the participating number of affordable households and thus address then need of households in the affordable market with specific reference to:

The minimum subsidy payable

The maximum property value

The housing typology

For more info – go to www.flisp.co.za and click on Flisp Adjustments August 2014 under Latest Flisp Info

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