Dáil Éireann Debate, Wednesday - 18 September 2024
414. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the total expenditure by his Department on the first-home scheme in 2022, 2023 and to date in 2024; and the total number of first home scheme equity loans drawn down each year, to date in 2024, in tabular form. [36832/24]
Amharc ar fhreagraThe First Home Scheme, which launched in July 2022, is a shared equity scheme, designed to help bridge the gap for eligible first-time buyers, eligible home buyers, and self-builders, between their deposit and mortgage, and the price of their new home (within price ceilings established across the country). Full details are available on the First Home Scheme website, www.firsthomescheme.ie.
In 2022, the Exchequer expenditure by my Department related to the Scheme was €40m, a further €40m in 2023 and €50m is allocated for the First Home Scheme for 2024.
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.
Quarterly and annual updates are made available on the First Home Scheme website. The most recent report, that of Q2 2024, is available at the following link: www.firsthomescheme.ie/media/aopbvmy5/fhs-q2-2024-update.pdf .
Furthermore, the First Home 2023 Annual Report, including information in relation to the number of homes in each local authority area supported under the scheme, is available here: www.firsthomescheme.ie/about-the-company/annual-reports/ .
My Department also publishes quarterly data on overall affordable housing provision, with the delivery figures for First Home broken down by Local Authority area, available at the following link: www.gov.ie/en/collection/6060e-overall-social-housing-provision/#affordable-housing-delivery .
