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Subsidy towards rent of houses leased by means of shared ownership leases.
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4.—(1) Subject to such regulations as may be made by the Minister for the purposes of this section—
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(a) a housing authority may pay a subsidy towards the rent of a house leased to a person under a shared ownership lease, and
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(b) the Minister may, with the consent of the Minister for Finance, out of moneys provided by the Oireachtas—
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(i) pay a subsidy to a housing authority towards the rent of a house leased to a person under a shared ownership lease by the authority,
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(ii) recoup to a housing authority all or part of a subsidy paid by the authority under paragraph (a).
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(2) Where a subsidy is paid under subsection (1), the amount of the rent reserved under the lease shall be reduced by an amount equal to the amount of the subsidy.
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(3) Regulations under this section may, in particular, but without prejudice to the generality of subsection (1), make provision in relation to all or any one or more of the following:
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(a) the amount of the subsidy and the manner of its determination;
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(b) the amount or proportion of the subsidy that may be recouped by the Minister;
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(c) the class or classes of houses in respect of which the subsidy may be paid;
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(d) the class or classes of persons or households in respect of which the subsidy may be paid;
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(e) requirements in relation to the financial and family circumstances of persons occupying a house in respect of which the subsidy may be paid;
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(f) requirements in relation to the occupation and maintenance of a house in respect of which the subsidy may be paid;
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(g) requirements in relation to the floor area of a house in respect of which the subsidy may be paid, measured in such manner as may, from time to time, be determined by the Minister;
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(h) requirements in relation to standards of construction, works and repair and the availability in a house, in respect of which the subsidy may be paid, of water, sewerage and other services;
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(i) the manner in and time within which an application for the subsidy shall be made;
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(j) the conditions under which the subsidy may be paid;
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(k) requirements in relation to the payment under any enactment (including this Act) of any other grant, subsidy or assistance in respect of a house concerned.
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