Property subsidy scheme for first-time buyers shows little promise

Property subsidy scheme for first-time buyers shows little promise When President Jacob Zuma announced that the Department of Human Settlement would be instituting a finance-linked individual subsidy programme for first time home buyers, there was a sudden influx of hopeful potential home buyers keen to make use of this programme. This was said recently by Daphney Klopper, the Rawson Property Group's franchisee for Table View and a co-franchisee for Parklands. "The Finance-Linked Individual Subsidy Programme (FLISP) scheme," said Klopper, "looked exceptionally promising when it was announced because it offers subsidies up to R87,000 towards the purchase of a home by a first time buyer. However, clients who approached us and their banks or bond originators for a mortgage loan making use of this scheme have not as yet seen any concrete response to their applications." The banks, said Klopper, appeared to be equally keen to implement the scheme but when ap

Big gap in housing market needs to be addressed

Big gap in housing market needs to be addressed The department of Human Settlements will keep on 'dousing fires' unless it addresses the housing market gap of people who earn too much to deserve Reconstruction and Development Programme (RDP) houses, but too little to qualify for mortgages. This gap refers to public servants who earn between R3 500 and R15 000 a month, including entry-level police officers, nurses and teachers. According to members of Parliament's human settlements portfolio committee, the building of houses on illegally sold state land in Lenasia pointed to a bigger problem that needed to be nipped in the bud. The department's top officials heard this yesterday when they appeared before the committee to brief MPs on progress made in Lenasia. However, officials said the department's efforts were being hampered by some Lenasia residents who continued to illegally build houses at night. They said they feared this land invasion could spread

Bid to thwart Menlyn casino plan

Bid to thwart Menlyn casino plan A group of 22 residents' associations and interest groups who lodged a complaint with the Public Protector about the City of Tshwane's disregard for their concerns over increased development in the Menlyn area, are looking to launch an objection with the Gauteng Gambling Board on the development of a multibillion-rand casino complex in the area. The Joint Action Group (JAG), laid a complaint in August with the Public Protector over the city's approval of the Menlyn Node Spatial Development Framework of 2012 which aims to densify and develop certain areas. The group claimed the city ignored a negative traffic impact analysis and forged ahead with approving the framework and even added more areas. The group's main concern is the strain the increased development will put on existing services, traffic and the public transport system. Other concerns include the inadequate provision of community facilities such as taxi ranks, schoo

Denny Crane

Denny Crane
It's not me ... yet. Denny Crane from the TV series Boston Legal. Click on picture if you're not sure who he is!