Like to buy your Local Authority House?
If you are a Dublin City Council (DCC) tenant living in Ballymun and wish to purchase your new house, Maria Lee of DCC will be happy to deal with all your queries in the Council’s Offices on the Ground Floor of the Ballymun Civic Offices.
- Please Note: The Tenant Purchase Scheme is confined to the purchase of houses.
Some of the schemes that you can consider are as follows:
Tenant Purchase
Terms include:
I. Must be Local Authority tenant for 12 months.
2. Value of house at current marketa value.
3. Discount of 3% for year’s rental up to a maximum of 10 years
4. Clear rent account for three months.
5. €50 application fee.
For a mortgage loan, you can go to bank, building society or Local Authority, who can offer you a variable or fixed annuity loan, or shared ownership loan.
To qualify for a DCC mortgage loan will require around €210 for a single person or €280 for a couple, disposable income plus €20 per child per week after making your loan repayments (including car loans, Credit Union loans etc. in order to qualify.
Annuity Loan.
Another purchase option is the Local Authority’s annuity loan of up to €165,000 to purchase any house and satisfy the income and housing criteria.
Shared Ownership Option:
Facilitates the purchase of property where a person, who cannot afford full ownership immediately, acquires share (minimum 40%) in the property by means of mortgage from the local authority and rents the remaining 60% from the Local Authority. After three years there is an option to take up 100% mortgage.
Affordable Housing Schemes.
The Council’s affordable housing schemes provide for the sale of properties to eligible purchasers at prices significantly less than the market value of such properties. There are, at present, two affordable housing schemes:
Scheme I: 1999 Affordable Housing Scheme
This scheme provides for the construction of affordable units on Council owned lands or the purchase of turnkey developments which are sold at cost to eligible purchasers. Application forms for developments under this scheme are available only when a specific development is advertised.
Scheme 2: Part V Affordable Housing.
A parallel scheme has been developed for affordable housing acquired by the Council in private residential developments under Part V of the Planning & Development Acts 2000 - 2004. This scheme may be applied for at any time.
Clawback
Should an affordable property be sold within 20 years of the original purchase, a percentage of the proceeds of the re-sale of the property is payable to the Local Authority.
Forms may be downloaded from the City Council’s website; www.dublincity.ie
Further information and application forms for Affordable Housing are available from:
Ballymun Area Office, Ballymun, Dublin 9
Tel: 222 5610
or
Affordable Housing Unit
Housing Social and Community Services
Dublin City Council
Block I, Floor I,
Civic Offices,
Wood Quay,
Dublin 8
Tel: 222 5020
Forms may be downloaded from the
City Council’s website;
www.dublincity.ie
This page was updated on 19th September, 2005