HOME LOAN SUBSIDY – LATEST FLISP NEWS – RELIEF FOR PROPERTY DEVELOPERS & HOME BUYERS

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.

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 http://www.flisp.co.za  and click on Flisp Adjustments August 2014 under Latest Flisp Info.