Housing subsidies for the Income Bracket (R 3501 and R 22 000)

Do you earn between R 3 501 - R 22 000 per month?

If your household income falls between R 3 501 and R 22 000 per month, you may qualify for the following housing option: 

1. First Home Finance

• This First Home Finance (FHF) can be used by first-time home buyers to purchase a property. It can also be used to purchase a serviced residential site or build a new house on a residential site that you already own.
• Subsidies are provided depending on your income bracket and can be used to reduce your monthly home loan repayments. This will make your home loan more affordable.
• The subsidy amount depends on the income of the applicant and ranges between R38 911.40 – R169 264.60. 
• Once your home loan is approved, you can apply directly to the Western Cape Department of Infrastructure for a FHF/FLISP subsidy. You can also apply for this subsidy if you purchased your home in the past 12 months.

2. Enhanced Extended Discount Benefit Scheme

• This programme will help you become a homeowner of pre-1994 government-owned rental housing (municipal and provincial).
• If you have been renting a government property since before 1994, you can qualify for this programme.
• Enquiries and applications can be made directly at your nearest municipality.

3. Social Housing Programme

• With the Social Housing Programme subsidy you can gain access to a rental house or apartment.
• Government funding is provided to social housing institutions to manage the rental units. You then pay a reduced rental amount, based on your household income, to the social housing institution.
• Enquiries and applications can be made directly at your nearest municipality.