Tenant Incremental Purchase Scheme 2016 April 2016 Presented

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Tenant (Incremental) Purchase Scheme 2016 April 2016 Presented by: Úna Joyce, Senior Executive Officer,

Tenant (Incremental) Purchase Scheme 2016 April 2016 Presented by: Úna Joyce, Senior Executive Officer, Housing Dept

 Tenant Incremental Purchase Scheme 2016 The Tenant Incremental Purchase Scheme (TIPS) replaces the

Tenant Incremental Purchase Scheme 2016 The Tenant Incremental Purchase Scheme (TIPS) replaces the 1995 tenant purchase scheme, which closed for new applications in December 2012. Under this scheme, tenants can apply to their local authority to purchase their house. Apartments/duplexes are not included in this scheme. Benefits; - Provides opportunities for local authority tenants to become homeowners - Promotes sustainable communities - Generates additional funding from sale proceeds for local authorities to invest in a range of social housing supports - Reduction in housing maintenance costs which local authorities will have to pay in upkeep of properties, and the resources which can be freed up for delivering new housing schemes as a result

Housing Stock Exclusions The following properties are not included; - apartments, flats, maisonettes and

Housing Stock Exclusions The following properties are not included; - apartments, flats, maisonettes and duplexes - Houses specially designed for older persons (senior citizen complexes) - Houses that are part of a group housing scheme for Travellers - Caravans, mobile homes or other homes that can be moved - Houses in a private development transferred to the local authority by the developer - Houses reserved by the local authority for particular reasons ( e. g. houses with adaptions for medical needs, single storey houses etc. )

 Who can apply? - Persons in receipt of social housing support for a

Who can apply? - Persons in receipt of social housing support for a minimum of 1 year (tenants of City Council houses) - Persons with minimum income of € 15, 000 per annum - Arrears – tenants must have clear rent account at time of purchase (persons who are in arrears and have entered into an agreement that they are adhering to, can apply, but will not have their application processed until the arrears are cleared) - Water charges – evidence required of payment of water charges

Discounts available Gross Annual Income Discount Between € 15, 000 and € 20, 000

Discounts available Gross Annual Income Discount Between € 15, 000 and € 20, 000 60% Between € 20, 001 and € 29, 999 50% € 30, 000 or more 40%

Resale of property Discount received Charge Period 60% 30 years 50% 25 years 40%

Resale of property Discount received Charge Period 60% 30 years 50% 25 years 40% 20 years A ‘charge period’ is put on each house based on the discount received. Charge period decreases by 2% p. a. over charged period

Next Steps Notification to Tenants All eligible tenants will be informed of the new

Next Steps Notification to Tenants All eligible tenants will be informed of the new Tenant (Incremental) Purchase Scheme together with an information leaflet on the criteria of eligibility, by post Application Fee, € 150. 00 (to include valuation)

Management of eligible DCC Housing Stock Current Eligible Housing Stock (12070) - Breakdown by

Management of eligible DCC Housing Stock Current Eligible Housing Stock (12070) - Breakdown by Area 5% 11% 31% 20% 33% Central North West South Central South East

Breakdown of Bedrooms by Area

Breakdown of Bedrooms by Area

Under Occupancy of Houses The City Council can exercise its right to further exclude

Under Occupancy of Houses The City Council can exercise its right to further exclude certain dwellings from inclusion in the scheme in the interest of proper management of the Council’s housing stock and in light of the increasing numbers on the social housing waiting list.

Management of DCC Housing Stock Under Occupancy: 1 person living in 3 & 4

Management of DCC Housing Stock Under Occupancy: 1 person living in 3 & 4 bedroom house No. Bedrooms Central North West South Central South East Totals by Bedroom 3 64 144 261 169 43 681 4 14 26 27 14 13 94

January 2016 Housing Waiting List Figures by Bedsize Requirements Total 1 bed 12, 559

January 2016 Housing Waiting List Figures by Bedsize Requirements Total 1 bed 12, 559 2 bed 7, 330 3 bed 2, 220 4 bed 212 5 bed 34 Housing List Total 22, 355

January 2016 TRANSFER Waiting List Figures by Bedsize Requirements Total 1 bed 2, 201

January 2016 TRANSFER Waiting List Figures by Bedsize Requirements Total 1 bed 2, 201 2 bed 2, 136 3 bed 1, 630 4 bed 242 5 bed 38 Transfer List Total 6, 247

April 2016 Homeless Figures by Bedsize Requirements Bedsize requirements Total 1 bed 1209 2

April 2016 Homeless Figures by Bedsize Requirements Bedsize requirements Total 1 bed 1209 2 bed 289 3 bed 87 4 bed 10 Total 1, 596

Management of DCC Housing Stock • It is proposed to exclude one bedroom houses

Management of DCC Housing Stock • It is proposed to exclude one bedroom houses from this scheme due to the high demand for these units, as demonstrated by the waiting lists. • It is proposed to exclude 3 & 4 bedroom houses occupied by one person

Housing Loans, Sales & Consents, Block 2, Floor 2, Civic Offices, Wood Quay, Dublin

Housing Loans, Sales & Consents, Block 2, Floor 2, Civic Offices, Wood Quay, Dublin 8 Contact details: Tel: 222 544 Email: tenant. purchase@dublincity. ie