Dáil Éireann Debate, Thursday - 10 July 2008
912 Deputy Mary Upton asked the Minister for the Environment, Heritage and Local Government his views on whether it is acceptable that a person who has been offered an affordable home for €182,000 has had the home valued by the local authority at €315,000 for purposes of clawback; and if he will make a statement on the matter. [28772/08]
View answerThe legal provisions relating to affordable housing under the 1999 Affordable Housing Scheme and Part V of the Planning and Development Acts 2000 to 2006 provide that the clawback must be based on the market value of the property at the time of sale to the person purchasing the property, and in the case of the Shared Ownership Scheme it is based on the date of grant of the shared ownership lease.
Where the purchaser does not accept the valuation they may have the property independently valued and submit this to the local authority who may then re-examine its original valuation and determine the valuation to be applied to the property.
