Adapting Netherlands 'Starterslening' Model to Improve the Current Finance Linked Individual Subsidy Scheme in South Africa
Prisca Simbanegavi,
Princess Dastile
Abstract:Finance Linked Individual Subsidy Scheme Programme (FLISP) assists households who earn between R3 501 to R22 000 to get additional funds from National Housing Finance Corporation of R130 505 to the lowest income band and R30 001 to the highest income band in South Africa. This money can be used to pay for deposit or legal fees. The problem is that there has emerged a 'sandwich' class of households who earn just above the R22 000 threshold and still cannot afford entry level mortgages. Adapted from Netherlands … Show more
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