After the recent development of introducing the 3-year cap financial contributions for farming and business families, it is time for a new change that settles the housing problems associated with the Fair Deal Scheme Ireland.
President Michael D Higgins recently signed legislation imposing a 3-year cap on annual contributions to Fair Deal from the sale of a family home. Housing Minister Darragh O'Brien is now hoping that his plan to exclude rental income from the scheme can be introduced as an amendment to existing legislation when the Dáil reconvenes after the summer break.
You May Rent Out Family Homes While Living In A Nursing Home Under Fair Deal
According to Mr O'Brien, more than 9,000 homes are left vacant as a result of conditions imposed by the Nursing Home Support/Fair Deal policies – which funds nursing home care – but disincentivize applicants from selling or renting their homes after entering the scheme and shifting to the nursing home.
The Government Housing For All plan is aimed to change that system, by excluding the rental income from the scheme and allow old people to live in nursing homes to hold on to the income by renting out their vacant houses.
Nursing Home Support Scheme Cost of Care for Principal Residence
As a fair deal nursing home support applicant, if you own a house, then you would know that the cost of care includes 7.5% of the house’s current value to be paid annually. If the home is a principal residence and you have family members living there, then the contribution is capped at 3-years. Moreover, if you have a spouse or other close relative that has an equal share of the house, then you would only pay half the percentage, which is 3.75% of the portion of your share.
Earlier, Minister for Mental Health and Older People, Mary Butler TD, battled to get the Nursing Homes Support Scheme (Amendment) Bill 2021 passed through the stages of the Seanad and the Dáil, and finally be in effect. The new reforms are more focused to optimise securities families and businesses with their loved ones in the Nursing Home.
This is at a proposal stage, and no decision has been taken yet. And calculating how the previous amendment for farming families took years to come to effect, this too may take time to confirm. But it is nonetheless a fresh start for the scheme to get updated; it is nearing to complete a decade. Watch out for more news on the same.
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