Dáil Éireann Debate, Tuesday - 19 May 2026
239. Deputy John Connolly asked the Minister for Housing, Local Government and Heritage the Exchequer funding provided under the first home scheme in each year since its launch; and if he will make a statement on the matter. [37341/26]
View answerThe First Home Scheme supports first-time buyers in purchasing new houses and apartments in the private market, or building their own home, through the use of an equity share model, within price ceilings established across the country.
The Scheme is overseen and managed by the First Home Scheme Ireland Designated Activity Company on behalf of the shareholders - the State and participating mortgage lenders (AIB, BOI, and PTSB).
On 13 May 2025, the Government approved an additional €30 million State commitment to the First Home Scheme, bringing the total State commitment for the Scheme to €370 million. This is matched 50:50 by the participating banks and brings the total commitment to the scheme to €740 million.
Of this commitment, €249.4 million of State Exchequer funding has been drawn down to date by the DAC (€40m in 2022, €40m in 2023, €49.4m in 2024 and €80m in 2025 and €40m so far in 2026). The First Home Scheme is a demand led Scheme and funds are drawn down as and when required.
