Housing (Miscellaneous Provisions) Act 2009

Open market dwelling.

81.— (1) A housing authority may, subject to the Housing Acts 1966 to 2009, and regulations made thereunder, provide financial assistance to an eligible household to purchase a dwelling (in this Part referred to as an “ open market dwelling ”) under an affordable dwelling purchase arrangement, subject to the dwelling being—

(a) available for purchase in the State, and

(b) of a class of dwelling prescribed under section 95 (1) (a) for the purposes of this section.

(2) The amount of financial assistance which may be provided to an eligible household under this section in respect of the purchase of an open market dwelling—

(a) shall be the difference between the purchase money and the market value of the dwelling, and

(b) shall not exceed such maximum amount as the Minister may prescribe under section 95 (1) (d).