LATEST FLISP NEWS – RELIEF FOR PROPERTY DEVELOPERS & HOME BUYERS
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.
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 http://www.flisp.co.za and click on Flisp Adjustments August 2014 under Latest Flisp Info.