Dáil Éireann Debate, Monday - 9 September 2024
767. Deputy Cormac Devlin asked the Minister for Housing, Local Government and Heritage if, as part of Budget 2025, he will consider increasing the rates of the mortgage allowance scheme which supports local authority tenants who surrender their homes to purchase private dwellings, as the current rates have not been updated since 1 January 2002; and if he will make a statement on the matter. [35915/24]
View answerThe Mortgage Allowance scheme provides for an allowance of up to €11,450 payable over a 5 year period, to tenants or tenant purchasers of local authority housing, to assist them to purchase or have a private house built with a mortgage. The current rates are underpinned by the Housing (Mortgage Allowance) Regulations 2001 and have been in place since 1 January 2002. New applications are still being accepted by local authorities and there are no plans to undertake a review of the scheme at present.
