Housing Policy

Dáil Éireann Debate, Thursday - 21 January 2021

Thursday, 21 January 2021

Questions (78, 95)

Eoin Ó Broin

Question:

78. Deputy Eoin Ó Broin asked the Minister for Finance if the banking section of his Department is currently engaging with the Department of Housing, Heritage and Local Government and the banking sector on the issue of the proposed €75 million shared equity loan scheme; if so, the nature, frequency and content of these engagements; if additional funding for the scheme from private banks is being sought; if so, the rates of interest being discussed; and the involvement the banks will have in the administration of the shared equity loan scheme. [3362/21]

Pearse Doherty

Question:

95. Deputy Pearse Doherty asked the Minister for Finance if the Government’s affordable purchase shared equity scheme will come under the remit of his Department; and if he will make a statement on the matter. [3489/21]

Written answers

Minister for Finance

I propose to take Questions Nos. 78 and 95 together.

The Affordable Purchase Shared Equity Scheme is a policy initiative which falls under the remit of the Department of Housing, Local Government and Heritage following the allocation of €75m of funding as part of Budget 2021.

Officials in my Department have been providing on-going support and assistance to the Department of Housing, Local Government and Heritage and the Housing Agency in relation to the development of the scheme including in relation to the involvement and participation of the banks in the roll out of the scheme. The final details of the scheme, including the extent of third party funding and the rates of interest that may apply to the shared equity loan support, are still under discussion and remain to be finalised by the Department of Housing, Local Government and Heritage over the coming months.