Grace Boland
Question:60. Deputy Grace Boland asked the Minister for Housing, Local Government and Heritage if the first home scheme will be extended to second-hand homes; and if he will make a statement on the matter. [35778/25]
View answerTuesday, 1 July 2025
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The First Home Scheme, which launched in July 2022, is a shared equity scheme designed to help bridge the gap between a purchaser’s deposit and mortgage, and the price of their new home, for eligible first-time buyers, Fresh Start applicants and those who wish to build their first home, within regional price ceilings.
The First Home Scheme Designated Activity Company is responsible for the operation and management of the First Home Scheme on behalf of its shareholders - the State, Allied Irish Bank, Bank of Ireland and Permanent TSB.
The Programme for Government states it will work with the Banks to expand the First Home Scheme to first time buyers of second-hand homes. I requested the First Home Scheme to undertake the required analytical and technical work to examine the potential for such an expansion and the matter is under consideration.