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"content": "THAT clause 42 of the Bill be amended by deleting sub-clause (4) and substituting therefor the following new sub-clauses— (4) A person who has made a voluntary saving and has not been allocated an affordable housing unit— (a) may withdraw their savings by issuing ninety days’ written notice to the agency for refund with any accrued interest; or (b) may apply to the Board for approval of issuance of an affordable mortgage to develop a rural affordable housing unit; (5) An application in sub-section (4) (b) will be accompanied by an agreement that the applicant agrees to have their saved deposits and the land upon which the unit is to be built to be used as collateral. (6) Upon approval by the Board, the applicant shall cause a charge on the title in subsection (5) to be executed in favour of the Board."
}