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Public Consultation - Review of Tenant (Incremental) Purchase Scheme - The Department of Housing, Planning, Community and Local Government is inviting written submissions or comments on the Tenant (Incremental) Purchase Scheme 2016 by 6pm on Friday 10th February 2017
Date Released: 23 January 2017
Public Consultation on the review of the Tenant (Incremental) Purchase Scheme 2016
The scheme launched in January 2016 introduced some changes compared to previous tenant purchase schemes. The main changes are set out below:
- Eligibility for the scheme is now based on a minimum reckonable income of 15,000 euro, rather than simply being based on having a tenancy
- Larger discounts are available compared to previous schemes but are incremental and proportionate to income rather than discounts based on length of tenancy
- Claw-back period that enables the Government to benefit from any re-sale profits but also incentivising tenants to remain in their homes thus fostering social cohesion and sustainable communities
In line with the commitment given in the Programme for A Partnership Government, which was reaffirmed in Rebuilding Ireland – Action Plan for Housing and Homelessness, a review of the Tenant (Incremental) Purchase Scheme will begin in January 2017. This review will examine the sale of local authority houses during 2016 i.e. the first 12 months of operation of the scheme with a view to identifying the impact of the changes to the scheme as outlined above. This public consultation process will help inform that Review.
How to get involved
The Department of Housing, Planning, Community and Local Government is inviting interested parties to make written submissions or comments, preferably in electronic format, on the Tenant (Incremental) Purchase Scheme 2016 by 6pm on Friday 10th February 2017.