Dáil Éireann Debate, Tuesday - 22 May 2012
474 Deputy Bernard J. Durkan asked the Minister for the Environment, Community and Local Government the extent to which consideration can be given to the introduction of a loan scheme to facilitate first-time buyers in their efforts to meet their housing requirements, with particular reference to those on medium incomes; and if he will make a statement on the matter. [24865/12]
Amharc ar fhreagraThe Government is committed to supporting access to home ownership for lower to middle income households and the current range of paths to home ownership will remain in place in that regard.
Two types of house purchase loan are available from local authorities: standard annuity loans targeted at lower income first time buyers and those under the Home Choice Loan scheme which are available to qualifying middle income first time buyers affected by the "credit crunch". The terms and conditions governing the operation, including eligibility terms, of annuity mortgages and the Home Choice Loan are set out under the Housing (Local Authority Loans) Regulations 2009 and the Housing (Home Choice Loan) Regulations 2009 respectively. These are available on my Department's website: www.environ.ie.
