Written answers

Tuesday, 3 July 2012

Department of Environment, Community and Local Government

Social and Affordable Housing

9:00 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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Question 469: To ask the Minister for the Environment, Community and Local Government if changes have been made to the clawback provision regarding affordable housing in light of the changed market conditions; if any changes are contemplated; and if he will make a statement on the matter. [32266/12]

Photo of Jan O'SullivanJan O'Sullivan (Limerick City, Labour)
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To take account of the current housing market conditions, the Government's housing policy statement, published in June 2011, announced the standing down of all affordable housing schemes in the context of a full review of Part V of the Planning and Development Act 2000. That review is now underway and it is expected to conclude later in the year. Any future changes to legislation governing affordable housing schemes will be informed by the review.

The claw-back provision is intended to prevent short-term profit taking on the resale of the house to the detriment of the objectives of the schemes. However, where a person is selling and the clawback amount payable would reduce the proceeds of resale below the initial price actually paid, the legislation provides for the amount of the clawback payable to be reduced to the extent necessary to avoid that result .

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