04 Dec Can a person who got an RDP house apply for FLISP?

Are you considering buying a home using FLISP, but already own an RDP home? It is important to understand that FLISP is a South African government housing subsidy for first-time homeowners.  So, if you are asking, “Can a person who got an RDP house apply for FLISP?” the answer is no.

What is FLISP?

FLISP (Finance Linked Individual Subsidy Programme) is a government grant intended to help South Africa’s gap market. The gap market consists of individuals who earn too much to qualify for RDP housing, but too little to afford a home loan without assistance. So, can you apply for FLISP if you own a home? The qualifying criteria exclude anyone who already owns a home, even if it is an RDP home. This means you cannot access FLISP funds if you own an RDP home or any other property.

How to Qualify for FLISP?

What is required in order to qualify for FLISP? When using FLISP on your path to first-time homeownership, you must be 18 or older, a South African citizen/permanent resident, and be married or have financial dependents. Your household income must be between R3,500 and R22,000. You cannot apply for FLISP if you own property or have benefited from a government housing subsidy before.

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