Seán Sherlock
Question:697. Deputy Sean Sherlock asked the Minister for Housing, Local Government and Heritage if he intends to bring in a rent to buy scheme for north Cork. [40721/22]
View answerTuesday, 26 July 2022
Questions (697)
Written answers
Government is confident the funding and targeted schemes committed to under Housing for All will deliver a greater supply of homes and increase the access to purchasing affordable homes. Accordingly, there are no plans to introduce a new rent-to-buy scheme for North Cork or elsewhere at this time.
Increasing homeownership is a priority for Government. This is evident from the record €4 billion current and capital funding made available for housing in Budget 2022. This investment, a 20% increase on 2021, includes:
- €75 million to help deliver 750 Cost Rental homes (and a further 830 supplied by the Land Development Agency),
- €55 million to deliver 500 Affordable Purchase homes (for first-time buyers), and
- €250 million for lending under the enhanced Local Authority Home Loan (for first-time buyers).
The investment will also support an extension of the Help-to-Buy scheme and introduction of the First Home scheme (launched earlier this month).
Government is confident these schemes, alongside the Affordable Housing Act 2021, will deliver a much needed 54,000 affordable homes by 2030.