Housing (Loans and Grants) Act, 1962

Grants by Minister for provision of prototype houses.

7.—(1) The Minister may, with the consent of the Minister for Finance, make, out of moneys provided by the Oireachtas, a grant to any person or body in respect of the erection of a house in accordance with plans and specifications approved of by the Minister if the Minister is satisfied—

(a) that the house is of a kind that would be suitable for accommodating any particular category of persons,

(b) that houses could be erected at low cost in accordance with the plans and specifications aforesaid, and

(c) that a house has not previously been erected in accordance with the plans and specifications aforesaid or plans or specifications that are substantially the same as the plans and specifications aforesaid.

(2) A grant under this section shall not exceed one-half of the amount estimated by the Minister to be the reasonable cost of erection of the house.

(3) (a) In every case in which a grant is made under this section and a revision of the rateable valuation of the tenement consisting of or including the house to which the grant relates is made, such amount of the revised valuation as is attributable to the erection of the house shall, in each of the nine successive local financial years following the local financial year in which the house is completed, be deemed to be reduced for rating purposes by the proportion of such amount specified in the second column of the Table to this section opposite the number of the year in the first column of the Table.

(b) In this subsection “rating purposes” in relation to a tenement means the following (and no other) purposes, that is to say, the purpose of the assessment and levying of any rate raised by a local authority for the service of the local financial year in which the tenement is first rated on the increased valuation referred to in paragraph (a) of this subsection or for the service of any of the next following eight local financial years.

(c) Without prejudice to the generality of the provisions of the immediately preceding paragraph of this subsection restricting the meaning of “rating purposes”, it is hereby enacted in particular that notwithstanding the rateable valuation (in this paragraph referred to as the full valuation) of a tenement being deemed under this section to be reduced in relation to any local financial year, every computation for the purposes of the Income Tax Acts of the annual value of such tenement shall be made in like manner as if the full valuation were in force for the purposes of county rate or municipal rate, as the case may be, in relation to that year.

(4) The Minister may make regulations for the purposes of this section.

(5) A grant may be paid under section 2 of this Act in respect of any further house erected with the approval of the Minister in accordance with plans and specifications that are the same as the plans and specifications of a house in respect of which a grant was made under this section or that differ from those plans and specifications only in respect of modifications approved of by the Minister, notwithstanding the fact that the house is not in compliance with the rules set out in the First Schedule to this Act or with regulations under the said section 2.


Reduction in Valuation of House

Number of year

Reduction in valuation of house