The Western Cape Minister of Human Settlements, Tertuis Simmers welcomes National Minister of Human Settlements, Mmamoloko Kubayi\u2019s changes on human settlements subsidies and other portfolio issues. The Social Housing adjustment of the qualification criteria of household income from R1 500 \u2013 R15 000 to R1 850 \u2013 R22 000 gross monthly income, and the extension of Finance linked individual subsidy programme (FLISP) to non-mortgage housing finance facilities from 2022\/23 financial year will particularly be of benefit to Western Cape citizens.<\/p>\n\n\n\n
The Social housing household income qualification criteria adjustment will enable those who could not access housing opportunities, due to earning higher than the previously prescribed household income band, to access these opportunities. This will also assist youth with a household income of up R22 000, who are not yet ready for a mortgaged home. This will ultimately enable more citizens to access affordable rental opportunities and will, in turn, enable the Department to initiate more social housing projects as the demand is expected to increase with this adjustment. <\/p>\n\n\n\n
The FLISP extension to non-mortgage housing finance facilities gives hope that more people who were unable to access this programme due to not qualifying for a mortgage loan for various reasons, will now be able to access this programme through various non-mortgage housing finance facilities such as: .<\/span> Housing loans granted or guaranteed by a pension and provident fund..<\/span> Unsecured housing loans from any registered lender..<\/span> Housing loans granted or guaranteed by cooperative- or community-based savings scheme..<\/span> Housing loans supported by employer-based schemes.<\/p>\n\n\n\n \u201cNot only are these amendments opening up an opportunity for those who were previously excluded from affordable housing opportunities, but it also presents construction and property entities the chance to form part of the provision of social housing to Western Cape residents by applying as accredited Social Housing Institutions (SHIs). This will enable them to partner with government in the provision of social housing opportunities to qualifying residents. The adjustments to the affordable housing programmes will certainly result in increased demand. This demand will need us to work closely and together with private sector,\u201d said Minister Tertuis Simmers. <\/p>\n\n\n\n The Department also welcomes the increase of the subsidy quantum effective from 1 April 2022. Some of these increases include:.<\/span> BNG services and top structure \u2013 R196 887.<\/span> House for persons with disabilities \u2013 R209 071.<\/span> Military veterans house \u2013 R240 607.<\/span> FLISP \u2013 R147 045.<\/span> Social housing \u2013 R187 395<\/p>\n\n\n\n The Department is pleased with the increase of HSDG allocation for bulk infrastructure from 3% to 5% and the new directives applicable to deal with natural disasters, such as floods, thunderstorms and fires. \u201cAs the province is often affected by fires, the allowance to now utilize available funds from HSDG, USDG and ISUPG to intervene in dealing with the disasters will enable us to respond timeously in such situations,\u201d said Simmers. <\/p>\n","protected":false},"excerpt":{"rendered":" The Western Cape Minister of Human Settlements, Tertuis Simmers welcomes National Minister of Human Settlements, Mmamoloko Kubayi\u2019s changes on human settlements subsidies and other portfolio issues. 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