The government has unveiled a plan to provide guarantees for housing loans for people earning above R3 500 up to R15 000 to enable them to obtain bonds from banks.
The scheme called the Finance Linked Individual Subsidy Programme (FLISP) will be implemented through the National Housing Finance Corporation.
Human Settlements Minister Tokyo Sexwale said last week the scheme would benefit, among others, school teachers and principals, police and members of the armed forces, nurses, firemen, prison warders and blue collar workers.
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