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FLISP (AFFORDABLE HOUSING)
THE PROCESS
Finance Linked Individual Subsidy Program (FLISP) is specifically intended for the market segment whose income is inadequate to
qualify for a home loan but exceeds the maximum limit applicable to access Government’s ‘free basic house’ subsidy scheme.
This market segment, generally known as the affordable or gap market, earns between R3 501 and R22 000 per month. Buyers falling into this bracket, if buying a home for the first time, may apply for a
FLISP subsidy.
ROLE PLAYERS
THE
BUYER
NATIONAL HOUSING FINANCE CORPORATION
SELLER
TRANSFER
ATTORNEY
POTENTIAL DELAYS
Internal process delays at NHFC. The FLISP approval or undertaking to pay the deposit not being approved or received timeously by the transfer attorney.