Pioneer Valley

THE DEVELOPERS

Imvula Estates was established by a professional team with a background in developing affordable housing. Over a period of 10 years the team delivered in excess of 2000 homes. Our mission is to create unique opportunities for first-time home buyers within the affordable housing market, and to strategically utilise all relevant government housing subsidies to assist buyers in owning their first homes.

In partnership with The Milnerton Estates, which has a proven track record of over 100 years in property development, Imvula Estates will address the shortage of affordable homes.

WHAT IS FLISP

Finance Linked Individual Subsidy Program

The FLISP programme is a housing subsidy for first-time home buyers to assist with purchasing a home. The subsidy is paid to your bank or financial institution and will reduce your monthly loan instalments, making it more affordable to purchase a home. Households with a monthly income of between R3 501 and R22 000 may qualify for the FLISP subsidy if they meet all the criteria.

You qualify for this subsidy if:

  • Your household earns between R3 501 and R22 000 per month.
  • You are a South African citizen or have permanent residency in South Africa.
  • You have not received a government housing subsidy before.
  • You have not owned fixed residential property before.
  • You are competent to contract – over 18 years old.
  • You are married or cohabiting.
  • You are single with financial dependents.

The FLISP subsidy assists you to:

  • Purchase an existing residential property for the first time;
  • Purchase a vacant serviced residential stand (i.e. a plot) that is linked to house-building contracts. Builders must be registered with the National Home Builders Registration Council (NHBRC); or
  • Build a new house with the assistance of a builder registered with the NHBRC, on a serviced residential stand (a plot) that you already own.

The subsidy amount depends on the income of the applicant and ranges between R27 960 and R121 626.
Download the FLISP brochure and view the sliding scale to determine the subsidies offered to different income brackets.

  • Once your home loan is approved, a FLISP application can be discussed with your bank, financial institution, the Department of Human Settlements (www.dhs.gov.za), or your nearest municipal office.
  • Interested applicants can also visit or call the Department of Human Settlements’ Helpdesk.
  • To apply for FLISP, you must be in the process of purchasing a property. You can also apply if the property was registered in your name in the past 12 months. Any applications after this window-period are currently not considered.
  • Note: If the home loan application is declined by the bank, then you will not be able to access the Finance Linked Individual Subsidy Programme (FLISP).

The Department of Human Settlements’ Helpdesk can be contacted directly for further assistance or updates on the status of your subsidy application. This can be done by either telephone or email.

Department of Human Settlements
27 Wale Street
Cape Town

Helpdesk
Call: 021 483 6488 / 021 483 0623 / 021 483 0611 / 021 483 8984
Email: human.settlements@westerncape.gov.za

https://www.westerncape.gov.za/facility/human-settlements-helpdesk

Office Hours
Mondays to Fridays 07:30 to 15:00