S.L. 328.4 Art. 7Home purchase assistance grant.

(1) Where an application under this Scheme has been approved by the Authority a home purchase assistance grant, the amount of which shall be determined in accordance with the following provisions of this clause, shall be paid by the Authority on the publication of the deed of sale and on behalf of the purchaser to the seller on account of the price.

(2) Subject to the provisions of sub-clause (5), where the dwelling-house to be purchased was built and completed for habitation before the 1st of January, 1939, the amount of the purchase assistance grant shall be 60% of the agreed price.

(3) Subject to the provisions of sub-clause (5), where the dwelling-house to be purchased was built and completed for habitation after the 1st of January, 1939 but before the 1st of January, 1960, the amount of the purchase assistance grant shall be 40% of the agreed price.

(4) Subject to the provisions of sub-clause (5), where the dwelling-house to be purchased was built and completed for habitation on or after the 1st of January, 1960, the amount of the purchase assistance grant shall be 25% of the agreed price.

(5) Notwithstanding the foregoing provisions of this clause, the amount of any purchase assistance grant paid under this Scheme shall in no case exceed the sum of three thousand and seven hundred and twenty-seven euros (€3,727.00).