Dáil Éireann Debate, Wednesday - 15 May 2013
196. Deputy Brian Stanley asked the Minister for the Environment, Community and Local Government if he will provide an update on the review taking place of the tenant purchase scheme; when will it be brought to conclusion; and if he will make a statement on the matter. [23260/13]
Amharc ar fhreagraWhile the 1995 tenant purchase scheme for existing local authority houses closed for new applications on 31 December 2012, two incremental purchase schemes remain in operation, one for newly-built local authority houses and the other for local authority apartments.
It is intended to advance the necessary legislative proposals as soon as practicable to underpin an incremental purchase scheme for existing local authority houses. Such a scheme will involve discounts for tenants linked to household income and a discount-related charge on the property that will dwindle away over a period unless the house is resold or the purchaser fails to comply with conditions of the sale. The precise terms of the new scheme will be set out in regulations when the necessary legislation is enacted.
