Affordable Housing Act 2021

PART 2

Affordable Dwelling Purchase Arrangements

Interpretation (Part 2)

4. In this Part—

“abandoned”, in relation to an affordable dwelling, means that the affordable dwelling is no longer the normal residence of the homeowner or any member of the homeowner’s household;

“affordable dwelling” has the meaning given to it by section 5 ;

“affordable dwelling contribution” has the meaning given to it by section 12 (2);

“affordable dwelling equity” has the meaning given to it by section 12 (5);

“affordable dwelling purchase arrangement” has the meaning given to it by section 12 (6);

“applicant” means a person who applies to purchase an affordable dwelling on his or her own or 2 or more persons who apply to purchase an affordable dwelling together;

“Conveyancing Act” means the Land and Conveyancing Law Reform Act 2009 ;

“direct sales agreement” has the meaning given to it by section 7 ;

“dwelling” includes any building or part of a building occupied or intended for occupation as a normal place of residence and includes any out-office, yard, garden or other land and any easements, rights and privileges appurtenant thereto or usually enjoyed therewith and includes a house, flat, apartment or maisonette;

“eligible applicant” means an applicant assessed by a housing authority under section 10 as being eligible for an affordable dwelling purchase arrangement;

“homeowner”, in relation to an affordable dwelling, means an eligible applicant who has purchased an affordable dwelling under an affordable dwelling purchase arrangement and includes the successors and assigns of the homeowner;

“household” means a person who lives alone or 2 or more persons who, in the opinion of the housing authority concerned, have a reasonable requirement to live together;

“Housing Acts” means the Housing Acts 1966 to 2019;

“long stop date” has the meaning given to it by section 12 (7)(f);

“market value” has the meaning given to it by section 14 ;

“open market dwelling” has the meaning given to it by section 8 ;

“public private partnership arrangement” has the same meaning as in section 3 of the State Authorities (Public Private Partnership Arrangements) Act 2002 ;

“realisation event” has the meaning given to it by section 18 ;

“realisation notice” has the meaning given to it by section 18 ;

“redemption payment” has the meaning given to it by section 16 ;

“scheme of priority” has the meaning given to it by section 11 ;

“valuation mechanism” has the meaning given to it by section 14 .