Dáil Éireann Debate, Thursday - 3 October 2024
106. Deputy Frankie Feighan asked the Minister for Housing, Local Government and Heritage if he will consider increasing the threshold under the shared equity scheme to purchase a house in Sligo, Leitrim and Roscommon, which is currently capped at €350,000 (details supplied). [39551/24]
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 homebuyers, 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.
The First Home Scheme Designated Activity Company (DAC) is fully responsible for the operation of the First Home Scheme on behalf of all shareholders, including price ceiling reviews. At its launch, the First Home Scheme Designated Activity Company (DAC) announced it would review all price ceilings at 6-month intervals. At the end of June 2024, the First Home DAC published the outcome of the fourth of its scheduled 6-monthly reviews of the price ceilings that apply to qualifying homes and subsequently revised price ceilings in relation to 14 local authority areas, including increasing Sligo, Leitrim and Roscommon County Councils from €325,000 to €350,000. The revised price ceilings came into effect 1 July 2024.
More information on price-ceiling reviews is available at the following link: www.firsthomescheme.ie/about-the-scheme/property-price-ceilings/
