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Housing subsidy for low incomers

Assisting the most vulnerable in our society, particularly for low-income applicants who want to buy a residential property for the first time, is a primary priority for the Western Cape Department of Human Settlements.

It is for this reason it has three categories of housing subsidies available, recognising different people will qualify for different subsidies as their needs are not all the same. These are the non-credit-linked, credit-linked and Finance Linked Individual Subsidy (Flisp). Each category is unique, caters for a specific group and one of the biggest benefits is that the subsidy isn’t a loan and one doesn’t have to pay it back.

In the case of the non-credit-linked subsidy, this is available to people earning R0 – R3 500 per month to buy an existing house or plot that must be linked to the construction of a house.

The normal qualifying criteria apply, with the additional Western Cape requirement that people applying must be on the Housing Demand Database (HDD) for a period of 10 years in the Metro and five years for non-Metro areas. It is critical to note that priority will be given to those who are older than 40 years, people with disabilities, those on the HDD for 15 years and longer, along with backyard dwellers.

When it comes to the credit linked subsidy, there must be a loan from a recognised financial institution.

Finally, the Flisp is another form of the credit linked subsidy, but the income category is R3 501-R22 000. This programme, similar to the credit linking, does not have the HDD requirement as the non-credit linked has. Its requirement is that an applicant must obtain a mortgage loan to qualify to purchase an existing house or a plot linked to a building contract.

Further to this, the programme makes provision for those earning between R3 501 and R7 000 to be assisted with a free serviced site as their once-off assistance.

FLISP is proving to be quite popular, for during the 2019-’20 financial year the department received 2 340 applications, with 1 843 approved.

The Western Cape Government encourages people to use these opportunities, for they can assist in dramatically improving their lives.

Contact the department’s help desk on 021 483 6488/3112/0611/8984 /0623 or e-mail humanmin@westerncape.gov.za.

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