Dáil Éireann Debate, Thursday - 1 December 2022
50. Deputy Jennifer Carroll MacNeill asked the Minister for Housing, Local Government and Heritage if he will report on the possibility of an adapted first-homes scheme for areas such as Dún Laoghaire; and if he will make a statement on the matter. [56906/22]
View answerThe First Home Scheme, launched on 7 July this year, supports first-time buyers in purchasing new houses and apartments in the private market through the use of an equity share model. Full information on the First Home Scheme is available at the following link: www.firsthomescheme.ie.
The First Home Scheme’s applies regional price ceilings designed to temper inflationary pressures and to target support at the lower part of the price distribution, as well as encouraging the development of additional housing supply at this price level.
The First Home Scheme Ireland Designated Activity Company (DAC) now holds responsibility for maintaining the First Home Scheme, including any review and updating of price ceilings where appropriate. In line with a commitment made at scheme launch, I understand that the First Home DAC is currently in the process of reviewing the price ceilings for all areas with a view to completing same by year end.
