The Local Authority Home Loan is a Government-backed mortgage for those on modest or low incomes who cannot get sufficient funding from commercial banks to purchase or build a home. It has been available nationwide from local authorities since 4 January 2022 for first-time buyers and fresh start applicants. The loan can be used both for new and second-hand properties, or to self-build. It also includes the purchases of homes through State schemes such as the Tenant Purchase Scheme and Affordable Housing Schemes.
The First Home Scheme, however, can not be used in conjunction with the Local Authority Home Loan.
More information on the Local Authority Home Loan and the First Home Scheme can be found on the dedicated website, www.localauthorityhomeloan.ie and www.firsthomescheme.ie