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€120,000 homes to go on sale
05.09.08
DONEGAL County Council
is set to release four new houses priced at a
knock-down €120,000 in the border village of St.
Johnston.
The three-bed properties are being made available
under the Affordable Housing Scheme for first time
buyers. To qualify, a family with just one income
must earn less than €100,000 when their gross salary
is multiplied by 2.5. A family with two incomes must
earn less than €100,000 when the biggest salary is
multiplied by 2.5 and then added to the gross income
of the lesser earner.
The houses will be purchased outright by way of a
mortgage provided by an approved financial
institution or the council and a minimum deposit of
3% of the sale price must be paid to the local
authority.
"The Affordable Housing Scheme provides for the
building of new houses in areas where house prices
have created an affordability gap for lower income
house purchasers. The houses will be offered for
sale to eligible first time purchasers at a
significant discount from the market value of
comparable houses in the area," said a Council
spokesperson.
The four new houses are part of the Cois Abhainn
scheme which is due for completion shortly in St.
Johnston.
People may qualify if they are in need of housing
and their income satisfies the income test below; a
person whose application for local authority housing
has been approved by the local authority, or a local
authority tenant or tenant purchaser who wishes to
buy a private house and to return their present
house to the local authority. A tenant for more than
one year of a house provided by a voluntary body
under the Rental Subsidy Scheme may also qualify.
For more information regarding eligibility, contact
the Housing Department of Letterkenny Public
Services Centre on 074 9194200. |
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