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Subsidy towards housing loan charges.
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7.—(1) The Minister may, with the consent of the Minister for Finance and subject to regulations that may be made by the Minister under this section, pay, out of moneys provided by the Oireachtas, a subsidy towards the loan charges incurred by a person to whom a housing authority makes a loan for the purchase of an affordable house.
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(2) Without prejudice to the generality of subsection (1), regulations under this section may provide for all or any of the following:
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(a) the amount of a subsidy, the conditions under which it may be paid and the manner of its payment, including payment by instalments;
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(b) the payment to the housing authority making the loan of a subsidy on behalf of the person to whom it is payable under subsection (1) and the conditions under which it is paid to the housing authority;
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(c) the class or classes of persons to whom a subsidy may be paid;
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(d) requirements in relation to the family, income and other financial circumstances of a person to whom a subsidy may be paid;
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(e) the period within which application for a subsidy shall be made;
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(f) requirements in relation to the payment of any other subsidy or grant in respect of a house under any enactment (including this Act).
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