Dáil Éireann Debate, Tuesday - 26 January 2016
477. Deputy Willie Penrose asked the Minister for the Environment, Community and Local Government if loans are available by way of shared ownership and other such loans for persons who are working and who are on a relatively low wage to enable them to secure property; and if he will make a statement on the matter. [3192/16]
View answerThe Government announced in 2011 the standing down of all affordable housing schemes, including the Shared Ownership Scheme, given the changes in the property and lending markets. There are no plans at this time to develop a new shared ownership scheme. The terms and conditions governing the operation of standard annuity mortgages provided by local authorities to qualifying first time buyers were set out most recently in the Housing (Local Authority Loans) Regulations 2012. These are available on my Department’s website at the following weblink:http://www.environ.ie/en/Legislation/DevelopmentandHousing/Housing/.
The Housing (Local Authority Loans) Regulations 2012 are kept under regular review.
