When Mzukona Mantshontsho approached a real estate agent about buying a two-bedroom, 300,000 rand ($37,500) house in a new development south of Johannesburg this year, she told him he’d need a 10 percent deposit for his application to be considered, and his salary was too low.

Human Settlements Minister Tokyo Sexwale, who spent 13 years in prison with former President Nelson Mandela and served in his first post-apartheid government, is trying to help South Africans like Mantshontsho, who lost his first home and his unblemished credit record when he was laid off 10 years ago. The government’s new Finance-Linked Individual Subsidy Programme is intended to make it easier for low-income buyers to get loans.

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