331 Housing Authority Shared Ownership units go up for sale
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Minister for the Family and Social Solidarity, Dolores Cristina, together with the Chairman of the Housing Authority, Marisa Micallef, have announced the sale of 331 units to be sold on a Shared Ownership basis. The units for sale include 276 apartments and 55 maisonettes which are located at Birkirkara, Burmarrad, Kirkop, Luqa, Marsascala, Mellieha, Mgarr, Mriehel, Mtarfa, Paola, Pembroke, Qawra, Qrendi, San Lawrenz, Zebbug, Zejtun and Zurrieq.
Applicants will be given the opportunity to purchase a share of the property according to the amount which they can borrow from the bank. Applicants will also be given the right to purchase the remaining share of the property within 10 years at the original price. Application forms for the properties can be collected from the Housing Authority offices in Floriana or from the Victoria office here in Gozo. Applications close on the 11th of December.
In this issue, the Housing Authority is extending its categories. Units are being reserved for families with children, engaged couples, single people (including those leaving institutionalized care and separated applicants that have children living with them on certain days of the week). Properties are now also being reserved for two adults applying together. The first 10 per cent of the properties will be allocated to applicants with a disability.
The points system has also been changed, 100 additional points will now be awarded to victims of domestic violence under all categories. Another important change awards additional points to working applicants, applicants who have been working for at least 6 months will receive 100 additional points. With this initiative the Government said that it aims to reward those persons who are trying to fend for themselves.
Minister Cristina said that this scheme has been a success since its launch and that its popularity continues to increase. By means of this shared ownership scheme, a number of people are given the opportunity to become owners of their own homes.