Dáil Éireann Debate, Tuesday - 26 June 2018
564. Deputy Marcella Corcoran Kennedy asked the Minister for Housing, Planning and Local Government if consideration has been given to extending the eligibility criteria for the Rebuilding Ireland home loan for applicants with properties on rural sites in excess of 175 sq. m; if further consideration has been given to the differentiation in property values between urban and rural sites; and if he will make a statement on the matter. [27373/18]
View answerThere is a range of criteria, set out in the enabling Regulations, establishing the Rebuilding Ireland Home Loan Scheme, which determine whether an applicant will be considered eligible for a loan. The criteria include that the property being purchased with a loan must not have a gross internal floor area of 175 square metres or more.
The Regulations also provide that the Scheme is not available to purchase a house or an apartment which has a market value in excess €320,000 in Counties Cork, Dublin, Galway, Kildare, Louth, Meath, or Wicklow or €250,000 in all other areas.
I have no plans to change these provisions at this point in time.
