Dáil Éireann Debate, Tuesday - 2 July 2024
253. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage the number of applications made under the first-home scheme by tenants with a notice to quit; and the number approved. [27828/24]
Amharc ar fhreagraThe 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. The Scheme was expanded on 17th April 2023 to include the Tenant Home Purchase Product, enabling tenants who have received a notice of termination to buy the home they were renting, subject to the other terms and conditions of the First Home Scheme.
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 and, as such, is responsible for First Home Scheme reporting.
The First Home Scheme Q1 2024 quarterly report, including information in relation to the Tenant Home Purchase Product, is available at the following link: www.firsthomescheme.ie/about-the-company/quarterly-updates/.
