Vol. 545 No. 2
132 Mr. R. Bruton asked the Minister for the Environment and Local Government the rules which will be applied to rounding up the euro values of Irish pound values for key values of grants, of income thresholds and subsidies and so on; and if he will set out in a tabular statement the euro values of payments (details supplied) which will apply in 2002. [30211/01]
133 Mr. R. Bruton asked the Minister for the Environment and Local Government if he has revised the thresholds for eligibility for shared ownership or for the subsidy towards the cost of housing repayments under this scheme to take account of the 38 week tax year which will be shown on P60 forms for year end 31 December 2001; and the euro values which shall apply. [30212/01]
I propose to take Questions Nos. 132 and 133 together.
The income eligibility limits and subsidy thresholds for local authority schemes, including the shared ownership and affordable housing schemes have been revised upwards to take account of the introduction of the euro and will be effective from 1 January 2002. The new income eligibility limit for a single income household will be 32,000 – £25,202. In the case of a two income household the eligibility limit will be 80,000 – £63,005 – using the formula 2.5 times A+B where A is the principal income and B is the subsidiary or lesser income.
To take account of the shorter tax year 2000-01, the income for eligibility purposes will be the amount of income in the period 1 January 2001 to 31 December 2001 or the nine month period 6 April 2001 to 31 December 2001 annualised, whichever is the lesser.
The rental and mortgage subsidy levels payable under the shared ownership and affordable housing schemes respectively from 1 January 2002 will be as follows:
|
Household Income per annum |
Rental/Mortgage subsidy payable per annum |
|
13,000 (£10,238) and under |
2,550 (£2,008) |
|
13,001(£10,239) to 15,500 (£12,207) |
2,300 (£1,811) |
|
15,501 (£12,208) to 18,000 (£14,176) |
2,050 (£1,615) |
|
18,001(£14,177) to 20,500 (£16,145) |
1,800 (£1,418) |
|
20,501 (£16,146) to 23,000 (£18,114) |
1,550 (£1,221) |
|
23,001 (£18,115) to 25,500 (£20,083) |
1,300 (£1,024) |
|
Over 25,500 (£20,083) |
Nil |
|
New House Grant |
3,810 (£3,001) |
|
House Purchase Loans, including Shared Ownership and Affordable Housing |
127,000 (£100,021). Loan can be up to 95% of the price of a house. For first time purchasers the new house grant can be used to part fund the 5% deposit required. In any event a deposit of 2,540 (£2,000) is required under the affordable housing scheme or 1,270 (£1,000) under the shared ownership scheme. |
|
Disabled Persons Grant |
Effective maximum grant limit 20,320 (£16,003).Effective maximum grant limit for houses less than 1 year old 12,700 (£10,002). |
|
Essential Repairs Grant |
Effective maximum grant 9,530(£7,505). |
|
Mortgage Allowance Scheme |
Maximum grant 11,450 (£9,018).Payable over five years by 3,560 (£2,804) in the first year, 2,800 (£2,205) in the second year, 2,040 (£1,607) in the third year, 1,780 (£1,402) in the fourth year and 1,270 (£1,000) in the fifth year. |
