Shared Ownership Scheme
The Shared Ownership option is a housing scheme designed to enable persons on low incomes, who would not otherwise qualify for a mortgage, to buy a house of their choice.
Under the Scheme, the applicant initially buys a share (minimum 40%) in a house and rents the remainder from the Council, with an undertaking to buy the remaining shared within a 25-year period.
Eligibility
If you belong to one of the following categories you are eligible to apply for consideration for the shared ownership scheme:
- Tenants and tenant purchasers of local authority dwellings who return their dwelling to the authority.
- Persons included by a local authority in it's latest assessment of housing needs or accepted for inclusion in the next such assessment.
- Tenants of one year's standing in accommodation provided by approved housing bodies under the Voluntary Housing Rental Subsidy Scheme
- Persons not in any of the above categories but considered by Clare County Council to be in need of housing and subject to the following income eligibility formula:
- For a single income household, the income in the preceding tax year must not exceed €36,800.
- In the case of a two-income household, two and a half times the principal (larger) income, plus once the subsidiary (lower) income in the preceding tax year must be less than €92,000.
How to Apply
Shared Ownership Application Form
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