Dáil Éireann Debate, Thursday - 30 May 2024
115. Deputy Pádraig O'Sullivan asked the Minister for Housing, Local Government and Heritage the number of grants approved for the help-to-buy scheme and the first home scheme in Cork city and Cork county; and if he will make a statement on the matter. [24372/24]
Amharc ar fhreagra134. Deputy James O'Connor asked the Minister for Housing, Local Government and Heritage the number of first home scheme eligible homes provided in County Cork since the scheme commenced; the number of times the help to buy scheme has been utilized by persons in County Cork;; and if he will make a statement on the matter. [24321/24]
Amharc ar fhreagraI propose to take Questions Nos. 115 and 134 together.
The First Home Scheme, which launched in July 2022, is a shared equity scheme, designed to help bridge the gap for eligible first-time buyers, other eligible homebuyers, and self-builders, between their deposit and mortgage, and the price of their new home (within price ceilings established across the country).
The First Home Scheme Ireland DAC is responsible for the management and oversight of the Scheme on behalf of all shareholders and, as such, is responsible for First Home Scheme reporting.
Updates are published quarterly and annually on the First Home Scheme website. According to the First Home Scheme Q1 Report for 2024, Cork City and Cork County accounts for 14% of all Live Approvals. The most recently report, Q1 2024, is available at the following link: www.firsthomescheme.ie/about-the-company/quarterly-updates/.
I am aware that a monthly statistical report on Help to Buy activity is produced by Revenue and is available online at the following link www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/htb/htb-monthly.aspx. As the Help-to-Buy scheme is administered by Revenue and the Department of Finance, they should be contacted directly for more information.
