The Finance Linked Individual Subsidy Programme (FLISP) was revised in July 2018. The FLISP is a South African government housing programme which targets for households in the ‘gap’ market—those who are too rich to qualify for the RDP subsidy but too poor to easily afford a new house.
Effective 31 July 2018, a number of key changes were made to existing programme, including two critical amendments. First, the upper income threshold for qualifying beneficiaries has been changed from R15 000/month to R22 000 a month. This increase in the threshold for qualifying beneficiaries makes a positive contribution to easing the barriers of entry to accessing affordable housing. Second, the subsidy amount itself has been increased. The amount of subsidy households qualify depends on their monthly income, and its set on a sliding scale, meaning that the less you earn, the larger the subsidy you qualify for. The maximum subsidy (available for households earning R3501 – R3700 / month) is now R121 626. The complete 2018 FLISP subsidy tables are available for download below.
For more information on the terms of the FLISP programme and how it works, click here. For an analysis of the recent changes to the programme effective July 2018, click here.