Section 6 of the Housing (Miscellaneous Provisions) Act 1992 enables housing authorities to provide assistance to Approved Housing Bodies (AHBs) for the provision of housing. Section 6 (6) of the Act empowers me, as Minister, to grant approved status for this purpose.
AHBs are independent, not-for-profit organisations. They provide affordable rented housing for people who cannot afford to pay private sector rents or buy their own homes; or for particular groups, such as older people or homeless people.
AHBs also include housing co-operatives, which are housing organisations controlled by their members/tenants who actively participate in setting their policies and making decisions.
Applications for approved status will be considered from the following: Limited Companies formed by guarantee of their members and not having a shareholding, registered under the Companies Act 2014; Societies registered under the Industrial and Provident Societies Acts 1893-2014; Trusts incorporated under the Charities Acts.
A body seeking to obtain, and to retain, approved status must: have as its goal, the relief of housing needs, to assist with cases of poverty or hardship, including the welfare of Travellers, and the delivery and management of housing; have in its Memorandum and Articles of Association or registered rules, provisions preventing the distribution of any surplus, profit, bonus or dividend to its members; ensure that its assets are applied solely towards its objects.
Further information on becoming an AHB can be found on my Departments website at: http://www.environ.ie/housing/social-housing/voluntary-and-cooperative-housing/approved-housing-bodies-ahbs.