Dáil Éireann Debate, Thursday - 27 September 2012
138. Deputy Michael McGrath asked the Minister for the Environment; Community and Local Government if he will provide details of the way the clawback provisions apply in the case of a person who purchases a house from a local authority under the tenant purchase scheme and where the property is subsequently sold. [41219/12]
Amharc ar fhreagraTo 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 clawback 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.
