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WEDNESDAY, MAY 29, 1985
+OF THESE, 247 SECOND GENERATION FAMILIES HAVE BEEN PERMITTED TO INHERIT THE TENANCIES TWO HAVE BEEN FOUND TO EXCEED THE INCOME LIMIT- AND THE REMAINING TWO OWN OTHER DOMESTIC PROPERTIES.+
HE POINTED OUT THE PRESENT INCOME LIMIT OF $7 500 PER MONTH WAS HIGHER THAN THE WAITING LIST LIMIT AND WAS CONSIDERED TO BE QUITE GENEROUS.
+WHILE FAMILIES IN PRIVATE SECTOR HOUSING ARE BARRED FROM APPLYING FOR HOME OWNERSHIP FLATS WHEN THEIR INCOME EXCEEDS $7 500, SECOND GENERATION FAMILIES IN PUBLIC HOUSING ARE NOT RESTRICTED BY THIS LIMIT.
+FURTHERMORE THEY ARE GIVEN GREEN FORM STATUS WHICH ALLOWS THEM A MUCH BETTER CHANCE OF GETTING THE HOME OWNERSHIP FLAT OF THE IR CHOICE.+
UNDER PRESENT ARRANGEMENTS, WHEN A TENANT DIED, THE TENANCY COULD AUTOMATICALLY BE INHERITED BY THE SURVIVING SPOUSE.
IF BOTH PARENTS DIED, THE SECOND GENERATION COULD INHERIT THE TENANCY IF THE TOTAL FAMILY INCOME WAS LESS THAN $7 500 PER MONTH, WHICH WAS THE MAXIMUM HOUSEHOLD INCOME LIMIT FOR THE PURCHASE OF HOME OWNERSHIP FLATS FOR APPLICANTS FROM THE PRIVATE SECTOR, HE SAID.
+ IF THE FAMILY'S INCOME EXCEEDS THIS LIMIT, THEY WILL BE REQUIRED TO RELINGUISH THE TENANCY WITHIN ONE YEAR AND TO FIND ALTERNATIVE ACCOMMODATION EITHER BY BUYING A HOME OWNERSHIP FLAT OR MOVING INTO THE PRIVATE SECTOR. IF THEY OPT TO BUY A HOME OWNERSHIP FLAT, THEY ARE GIVEN PRIORITY UNDER THE GREEN FORM SYSTEM.
+IN THE CASE OF LARGE EXTENDED FAMILIES WHO OCCUPY MORE THAN ONE FLAT UNDER THE SAME TENANCY, EACH NUCLEAR FAMILY WILL BE SUBJECT TO THE INCOME LIMIT OF $7 500 AND TREATED ACCORDINGLY.+
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