Thursday, 9 May 2019

Questions (172)

Robert Troy


172. Deputy Robert Troy asked the Minister for Housing, Planning and Local Government the details of planned changes to the criteria for the Rebuilding Ireland home loan scheme criteria. [20219/19]

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Written answers (Question to Housing)

The Rebuilding Ireland Home Loan scheme was launched in February last year to replace the existing House Purchase and the Home Choice Loan schemes. The scheme has proved to be more successful than was originally envisaged and as a result I have been in discussions with my colleague the Minister for Finance and Public Expenditure and Reform regarding further funding for it. In order to protect both borrowers and local authorities the continuation of the scheme will have to be in accordance with the prudent lending criteria under which the scheme currently operates. I therefore have no plans to change the eligibility criteria governing the scheme.