Written answers
Tuesday, 30 June 2009
Department of Environment, Heritage and Local Government
Shared Ownership Scheme
11:00 pm
Fergus O'Dowd (Louth, Fine Gael)
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Question 394: To ask the Minister for the Environment, Heritage and Local Government if assistance will be granted to a person (details supplied) in County Louth; and if he will make a statement on the matter. [25838/09]
Michael Finneran (Roscommon-South Leitrim, Fianna Fail)
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The terms of individual shared ownership transactions are governed by the provisions of the lease entered into between the purchaser and the housing authority and, accordingly, I have no function in relation to issues arising in individual cases.
It is, however, open to any person occupying a dwelling under the shared ownership scheme to buy out the local authority's share and acquire full ownership at any time. Alternatively, application can be made to the local authority to have the loan repayment period extended and any arrears capitalised, so as to make repayments more manageable. It is also open to a person to seek to return the dwelling to the ownership of the local authority.
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