Michael Ring
Question:235. Deputy Michael Ring asked the Minister for Housing, Local Government and Heritage when a loan (details supplied) will be open for application; and if he will make a statement on the matter. [26939/24]
View answerTuesday, 25 June 2024
Questions (235)
Written answers
On 5 June the Cabinet approved the expansion of the Local Authority Purchase and Renovation Loan to all Vacant Property Refurbishment Grant eligible homes.
This supports the key policy objective in Housing for All in bringing vacant homes back into use.
The eligibility of applicants is broadly the same as the Local Authority Home Loan with some specific amendments to accommodate renovation projects. Eligibility criteria are set out in the Press Release at the link below.
www.gov.ie/en/press-release/97db0-local-authority-purchase-and-renovation-loan-to-support-first-time-buyers-turn-vacant-or-derelict-buildings-into-new-homes/ .
The new Purchase and Renovation Loan is expected to be implemented in the coming weeks.
Further details will be announced and will be available on the dedicated website www.localauthorityhomeloan.ie/ .