Living in an Affordable Home
Affordable housing schemes have been discontinued. However if you were one of the affordable home buyers in the last number of years, the following information may still be relevant for you. Affordable homes were provided for people who could not afford to buy a home on the open market. They were provided at a discount to the market price on the condition that you had to live in it. If you sold it within 20 years, you had to pay back a percentage of the sale price to the local authority. This is known as a 'Clawback'.