Thursday, 12 July 2012

Questions (168)

Dominic Hannigan

Question:

171 Deputy Dominic Hannigan asked the Minister for the Environment, Community and Local Government the schemes available to persons who are on low incomes to buy a new home; and if he will make a statement on the matter. [34061/12]

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Written answers (Question to Minister for the Environment, Community and Local Government)

There are two types of house purchase loan available from local authorities: standard annuity loans targeted at lower income first time buyers and those under the Home Choice Loan scheme which are available to qualifying middle income first time buyers affected by the "credit crunch". The terms and conditions governing the operation, including eligibility terms, of annuity mortgages and the Home Choice Loan are set out under the Housing (Local Authority Loans) Regulations 2009 and the Housing (Home Choice Loan) Regulations 2009 respectively. These are available on my Department's website: www.environ.ie.