COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL
MEETING OF SOUTH DUBLIN COUNTY COUNCIL
Monday, January 14, 2013
QUESTION NO.1
QUESTION: Councillor M. Devine
To ask that the Manager give a report on the future of House Purchase Schemes for this Local Authority from 2013?
REPLY:
The current Tenant Purchase Scheme (1995) expired on the 31st December 2012 ie all applications to purchase under this scheme must have beem made by 31/12/2012.
Applications received under the 2011 Fixed Term Tenant Purchase Scheme (applications accepted up to 31/12/2011) are still being processed. In accordance with recent decision of the Minister for the Environment, Community and Local Government, all sales under this scheme must be completed on or before 30/6/2013.
The Department of Environment, Community and Local Government has advised of the intention to introduce a new scheme providing for the sale of local authority houses to tenants on incremental purchase principles (based on household income rather than length of tenancy). The objective of the scheme is to provide an affordable route to home ownership for households and to enable the State to share in the profits from resale during the 20 to 30 year period for which the house is subject to an incremental purchase charge.
It is envisaged that the scheme will be in place from 1 July 2013, subject to the necessary legislation being in place.