What is FLISP?

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MyProperty
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The Finance Linked Individual Subsidy Programme (FLISP) programme is a housing subsidy for first-time home buyers to assist with purchasing a home.

The programme is open to a household whose income is between R3 501 to R22 000 per month. Applicants who meet the qualifying criteria can apply for the subsidy to purchase their first home.

This subsidy can be used to:

  • Buy an existing house / apartment.
  • Buy a serviced residential site (i.e. plot with access to basic services)
  • Build a house on serviced residential site, if the site was not acquired through a government housing subsidy in the past. Your builder must be registered with the National Home Builders Registration Council (NHBRC) to ensure building and safety standards.
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