Common use of FLISP Subsidy Clause in Contracts

FLISP Subsidy. 1.1. This State driven Finance Linked Individual Subsidy Programme (FLISP) will provide qualifying households who have secured mortgage finance to acquire residential Erf for the first time, a once-off payment. 1.2. Beneficiaries should; 1.2.1. jointly earn between R3 501 and R22 000 per month; 1.2.2. be South African citizens with a valid ID document; 1.2.3. not have received a previous government housing subsidy; 1.2.4. not own, or previously owned property;