12 Jan Make 2026 Your Year for a Government Housing Subsidy
Owning a home with the help of a government subsidy is now more achievable than ever. FLISP (or First Home Finance) enables qualifying South Africans or permanent residents of SA to secure their own property. With the start of a new year and the prospects it brings, make 2026 your year for a government housing subsidy!
We live in a time where government housing subsidies have transformed access to homeownership. With FLISP, individuals and families in the low to middle-income brackets can provide their loved ones with housing stability. A strong foundation like this creates hope for the future and motivates us to continue our work.
The Path to FLISP Success
If your plans for 2026 include securing FLISP housing subsidy funds, the good news is that we can help. At FirstStep Housing, we have assisted many families with government housing solutions. Our team handle all the admin, from seeking out and comparing bonds that comply with FLISP to assisting with and submitting your application correctly. We also facilitate homeownership and bond transfer transactions.
You can only apply for FLISP once you have an offer to purchase or sales agreement in place. Other qualifying criteria to be aware of include your age and your combined monthly household income – you must be over 18 to apply, with an income between R3,500 and R22,000. Moreover, only those who are married, cohabitating, or single with financial dependents in their care can apply for FLISP.
The Finance-Linked Individual Subsidy Programme (FLISP) is intended for first-time homeowners. For this reason, you cannot apply if you have received a housing subsidy before or if you already own a property.
How Does FLISP Get Paid?
We are often asked, “Does the FLISP money get paid into my account?” – to which the answer is no. Although the subsidy is yours to use towards a home purchase, the money is not paid directly to you. Instead, the grant is paid to your bank or bond account, reducing your home loan repayments.
There are other ways to use FLISP when buying a home. If the subsidy is being put towards the costs of building a home, then the funds will be paid to the approved lender, building contractor, or conveyancer working on the project. You can also use FLISP to buy a home with savings, in which case the subsidy is paid to the transferring attorney.
Let FirstStep Housing Assist:
At FirstStep Housing, we make your FLISP subsidy application more effective. Before we can assist, please provide us with the following documentation and information:
- OTP/Sales Agreement of the property you plan to buy
- Information about the property you plan to buy
- Identity Documents for each prospective buyer
- Three months’ recent payslips for all prospective buyers
- Birth certificates of all minor dependants within your household
- Marriage certificate, if applicable
- Divorce order/settlement agreement, if applicable
We look forward to assisting you in achieving homeownership through FLISP in 2026! Ready to get started? APPLY NOW.