FINAL REPORT -Implementation Evaluation of the Finance Linked Individual Subsidy Programme (FLISP), 2021

Summary

This 2021 evaluation report examines the Finance Linked Individual Subsidy Programme (FLISP), a South African government initiative designed to help "gap market" households secure home loans. These individuals earn too much for free state housing but too little to qualify for standard mortgages without assistance. The document assesses the program's implementation performance, noting that high-income earners often overshadow the intended lower-income beneficiaries. It outlines various research methodologies, including stakeholder interviews and data analysis, to identify barriers such as insufficient marketing and administrative delays. Additionally, the text provides international comparisons and historical context to explain how housing subsidies function within the broader property market. Ultimately, the report offers strategic recommendations to streamline application processes, increase subsidy amounts, and improve collaboration with financial institutions.