Seán Sherlock
Ceist:248. Deputy Sean Sherlock asked the Minister for Housing, Local Government and Heritage if he will provide an update under Housing for All for a reformed local authority home loan. [7109/23]
Amharc ar fhreagraTuesday, 14 February 2023
Ceisteanna (248)
Freagraí scríofa
In line with the commitment in Housing for All, the expanded Local Authority Home Loan was launched in January 2022. It is a Government backed mortgage for those who cannot get sufficient funding from commercial banks to purchase or build a home. It is available to first-time buyers and "fresh start" applicants to purchase a new or second-hand property, or to self-build.
Following a review of the Local Authority Home Loan, I recently announced further significant changes to the scheme parameters in relation to house prices and income limits, which will result in more people being eligible to apply for this State-backed mortgage. These changes will come into effect from 1 March 2023. Details in this regard can be accessed on my Department’s website at the following link: www.gov.ie/en/press-release/4b19c-more-homebuyers-now-eligible-for-local-authority-home-loan/
Further information on the Local Authority Home Loan is available on its dedicated website localauthorityhomeloan.ie/