FLISP is a government subsidy available to South African first-time home buyers. Western Cape Minister of Infrastructure Tertuis Simmers, also handed over title deeds and broke ground for new housing developments in several areas along the Garden Route and in the Little Karoo.
The various outreach engagements saw the team visiting Stillbaai, Plettenberg Bay, George and Dysselsdorp. In George, the FLISP programme welcomed new homeowners in Syferfontein. One of the new homeowners, Dawn Folding, says by taking advantage of the partial subsidy, they managed to secure a bond. “I got off like a R100 000 so basically I’m paying like R218 000 for this house. So it’s going to be small monthly payments, much lower than the normal payments you have to pay for a house or flat.”“I think it’s beautiful. It gives a person lots of peace of mind knowing you coming to your home. At the end of the day, I tell people we’ve been given a house but it’s up to us to make it a home. This is a proud moment for me and the wife. We first time homeowners, this is a part of stability.
“So they need to come with the birth certificates and IDs. So we apply for the FLISP to know how much they might get from province. Let’s say the province will give them about R100 000. Remember these houses only sell for R320 000, so we go to the bank for the balance that is R220 000.”“The state ultimately gives a form of subsidisation to lower the monthly bond costs.