Housing (Mortgage Subsidy) Regulations, 2005

• Jurisdiction: Ireland
• Citation: IR SI 914/2005
• Year: 2005

S.I. No. 914 of 2005

HOUSING (MORTGAGE SUBSIDY) REGULATIONS 2005

The Minister for the Environment, Heritage and Local Government in exercise of the powers conferred on him by section 5 of the Housing Act 1966 (No. 21 of 1966), as amended by section 24 of the Housing (Miscellaneous Provisions) Act 1992 (No 18 of 1992) and by section 7 of the Housing (Miscellaneous Provisions) Act 2002 (No 9 of 2002), with the consent of the Minister for Finance, hereby makes the following Regulations: 1. These Regulations may be cited as the Housing (Mortgage Subsidy Regulations 2005. 2. (1) In these Regulations, any reference to an article is a reference to an article of these Regulations and any reference to a sub-article is a reference to a sub-article of the article in which the reference occurs.

(2) In these Regulations -

“affordable house” has the meaning given to it in section 5 of the Housing (Miscellaneous Provisions) Act 2002 ;

“house” has the meaning given to it in section 2 of the Housing (Miscellaneous Provisions) Act 2002 ;

“household income” means the total gross annual income from all sources of the purchaser and his or her spouse or partner;

“housing authority” has the meaning given to it in section 23 of the Housing (Miscellaneous Provisions) Act 1992 as amended by section 16 of the Housing (Miscellaneous Provisions) Act 2002 ;

“Minister” means the Minister for the Environment Heritage and Local Government;

“mortgage subsidy” means a subsidy payable under section 7 of the Housing (Miscellaneous Provisions) Act 2002 ;

“purchaser” means the person or persons to whom an affordable house is sold;

“tax reference number” means

(a) in the case of a person paying income tax under PAYE, the Personal Public Service Number (PPSN) stated on any determination of tax credits issued to that person by an inspector of taxes, or

(b) in the case of a self-employed person or a company, the reference number stated on any return of income form or notice of assessment issued to that person or company by an inspector of taxes. 3. A function which under these Regulations is to be discharged by a housing authority shall be discharged: -

(1) where the house provided is situated in a county by the relevant county council except where the house is situated in the boroughs of Drogheda, Sligo or Wexford or in the towns of Athlone or Dundalk;

(2) where the house provided is situated in a city or in the boroughs of Drogheda, Sligo or Wexford, by the council of such city or borough; and

(3) where the house provided is situated in the town of Athlone or Dundalk, by the appropriate town council. 4. (1) A mortgage subsidy may be payable by a housing authority towards the loan charges incurred by a person to whom a housing authority makes a loan on or after 1 January 2006 for the purchase of an affordable house where household income in the preceding tax year was €28,000 or less.

(2) The amount of mortgage subsidy payable is dependent on household income as set out in the following table -

Household Income € Annual Mortgage Subsidy Payable € 13,000 and under 2,550

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