kuzovulwa umlazi community art centre e--mut human settlements the finance linked individual subsidy department: human settlements programme for province of kwazulu--natal first time home owners overview the finance linked individual subsidy programme(flisp) was introduced by the minister of human settlements in terms of the provisions of section 3(5) of the housing act, 1997 (act 107 of 1997) and took effect from 01 april 2012. the program is available to qualifying beneficiaries who intend purchasing a house or are in the process of purchasing a house for the first time. the applicant may acquire a mortgage loan from a recognised financial institution (finance--linked route) or the subsidy can be paid via a conveyancer (non--finance linked route), in which case the applicant should be in a position to cover the balance of the purchase price. the total purchase price (product value) should not exceed r300 000 inclusive of vat and the applicantʼs total household income must be between r3 501 and r15 000. the government will give a once--off subsidy, which is a non--refundable amount, to those who qualify, on a sliding scale ranging from r10 000 if total household income is r15 000 to r87 000 if total household income is r3 501.