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