As and from January 1st 2016, existing tenants of Tipperary County Council have an opportunity to purchase their homes through an ‘Incremental Purchase Scheme’ introduced under Part 3 of the Housing (Miscellaneous Provisions) Act of 2014.
Note: However there are a number of pre requisites which households must meet. These include as follows:-
(1) Tenants/joint tenants must have minimum reckonable income of €15,000 per annum.
(2) Reckonable income must come mainly from regular employment and not solely from Social Welfare.
(3) Applicants must be in receipt of Social Housing Support for a minimum period of 1 year.
(4) Applicants must not be disqualified from purchasing, same brought about as a result of having purchased housing previously
(5) Applicants must have a satisfactory rent record and all household charges must be up to date [i.e. Water charges etc.]
(6) Houses must be available for sale and not restricted, as in past schemes [i.e. not houses specifically reserved for elderly, transitional accommodation, traveller accommodation, in interests of estate management etc.]
For income between €15,000 and €20,000 tenant purchase discount will be 60% of purchase price and an Incremental Purchase Charge of 60% will apply to house and be reduced by 2% per annum over 30 years.
For income between €20,001 and €29,999 tenant purchase discount will be 50% of purchase price and an Incremental Purchase Charge of 50% will apply to house and be reduced by 2% per annum over 25 years.
For income over €30,000 tenant purchase discount will be 40% of purchase price and an Incremental Purchase Charge will apply to house and be reduced by 2% per annum over 20 years.
For to download ‘Tenant Information Booklet’ click HERE and for to download ‘Tenant Purchase Application Form’ please click HERE
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