Dáil Éireann Debate, Thursday - 30 September 2004
21 Mr. Crowe asked the Minister for the Environment, Heritage and Local Government if his Department has completed its examination of the income limits for affordable housing and shared ownership schemes referred to in the reply to Question No. 789 of 27 April 2004; if he intends to increase the loan limits under the affordable housing and shared ownership schemes in line with inflation; and if he will make a statement on the matter. [22610/04]
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My Department has completed the review referred to in the question. As a result, significant improvements to the loan and income limits for shared ownership and affordable housing schemes have been made. The revised income limit is now €36,800 for a single income household and €92,000 for a two income household, while the maximum loan that can be advanced for a local authority house purchase is €165,000. In addition, the period for which local authorities may advance loans has been extended from 25 years to 30 years.
