Seanad debates

Tuesday, 10 December 2002

Planning and Development (Amendment) Bill, 2002: Second Stage.

 

One important change is that the terms of the shared ownership scheme will be amended for voluntary housing bodies to allow them to retain part ownership of these houses and so ensure they remain within the affordable housing market. Under these amendments a person granted a shared ownership lease by an approved body will not be required or entitled to eventually purchase the interest of the body in the house. The lessee will, however, be entitled to eventually sell his or her interest in the house to a person who meets the eligibility criteria applicable to the scheme. The House will agree that this scheme represents a reasonable balance between the right of the lessee to purchase an interest in a house and the retention of a social equity in the house, and will facilitate the provision of integrated housing projects by the voluntary and co-operative housing sector, comprising a mix of social rented, shared ownership and affordable houses.

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