Minister hands over Fountainhead’s first FLISP homes

Motlekar Cape development takes off

Western Cape Human Settlements Minister, Bonginkosi (left), engaging with the Fountainhead community
motlekar.jpg

Western Cape Human Settlements Minister, Bonginkosi Madikizela, handed over keys to elated residents for the first Finance Linked Individual Subsidy Programme (FLISP) units at the Fountainhead Blue Downs development recently.

It was a wonderful day for families at the new Fountainhead Development in Blue Downs when they received the keys to the proud new homes. This ceremonious occasion was honoured by Human Settlements Minister, Bonginkosi Madikizela, who officially cut the blue ribbon to hand over the first FLISP units in the development. This type of financing is linked to a subsidy that ensures that low income earners can access bonds and finally realise the dream of being a homeowner. 

After a brief welcome, the developer Motlekar Cape’s Rieger van Rooyen went on to provide a comprehensive overview of the project, its goals, strategic community-driven objectives and the opportunity that more families now can proudly own their homes. This was followed by Minister Madikizela, who expressed his admiration for a development of this nature and its ability to instil pride into individuals in relation to community living. He further re-iterated that it was a well-constructed business model in which first-time buyers could afford to purchase units in a subsidised complex and it afforded everyone an equal opportunity to become homeowners.

As part of its development aspirations, Motlekar Cape has partnered with financial institutions and government departments to create structured solutions in support of socio-economic upliftment and community integration.

 

comments powered by Disqus

RW1
R1

This edition

Issue 71
Current


Archive


BBQ_Magazine_SA POWER-GEN & DistribuTECH Africa to share light for Nelson Mandela Day https://t.co/3oXvZIoNfn https://t.co/GO8O3Z9ccq 6 days - reply - retweet - favorite

BBQ_Magazine_SA Book your seat for the biggest event of the year Sustainability Week 2017! Time is running out guys!… https://t.co/sAsE7lxcGB 19 days - reply - retweet - favorite

BBQ_Magazine_SA Leadership is fundamental when it comes building and nurturing a reputation https://t.co/3bRhASXVcT https://t.co/m3bePkKzUr 26 days - reply - retweet - favorite