Seanad debates
Wednesday, 20 November 2002
Housing Grants: Motion.
Senator O'Toole referred to the need to introduce new measures. New measures such as the affordable housing scheme – the scheme of the future – have been introduced. A site subsidy of up to €38,000 per site is now available in Dublin. The figure is approximately €31,000 outside Dublin. This represents an enormous subsidy for those in that bracket. The shared ownership and affordable housing schemes provide subsidies to assist with repayments in the form of a rental subsidy in the first instance and a mortgage subsidy in the latter instance. The subsidy, which is income related, can be as much as €2,550 per annum.
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