Dáil Éireann Debate, Tuesday - 21 March 2023
425. Deputy Richard Boyd Barrett asked the Minister for Housing, Local Government and Heritage if he will extend the shared equity scheme to any home that comes under the price threshold and not just designated affordable homes; and if he will make a statement on the matter. [12952/23]
View answerThe First Home Scheme, launched on 7 July 2022, supports eligible first-time buyers in purchasing new houses and apartments in the private market through the use of an equity share model. It also supports other purchasers who have previously owned a home, under the 'Fresh Start' principle. Support available under the First Home is targetted at new build homes as a key policy objective of the scheme is to encourage and increase the supply pipeline for new homes.
Homes are not specifically designated as eligible under the First Home Scheme, since all new-build homes on the private market are eligible purchases, subject to the revised regional price ceilings which came into effect on 1 January this year.
The scheme is administered by the First Home Scheme Ireland DAC, which is responsible for governance and operations. Further information on the scheme, including scheme conditionality, is available on the official website at: www.firsthomescheme.ie.
