What isGovernment Housing Subsidy
This subsidy will be paid into your home loan account or your lawyer’s trust account, and can also be used as a deposit on your home loan. The subsidy is intended to stimulate the property market and help low-income earners get a foot on the property ladder.
How Much Is Government Housing Subsidy In south Africa
How much is the government subsidy? The subsidy ranges from R30 001 to R130 000, depending on your income. The lower your income, the higher your subsidy.
How does government house subsidy work?
A housing subsidy is not a cash pay-out but is paid directly to the financial institution from which you are receiving a housing bond (in the case of credit-linked individual subsidies) or the seller (in the case of non-credit-linked individual subsidies).
How can I check my house subsidy?
How can I check my RDP house status?
- Call 0800 146 873.
- Email info@dhs.gov.za.
- Perform a housing database check for Gauteng or other parts of the country from the HSS online subsidy portal.
- Visit your nearest Housing Provincial office with your Form C.
How long does it take for a subsidy to be approved?
If you have applied for the CLSS subsidy, it takes anywhere between 3-4 months to get the subsidy amount, once the verification is complete. The PMAY credit linked subsidy scheme is a great initiative by the government to reduce the burden of a Home Loan.