O’Brien seeks to extend First Home Scheme for further five years

  • 📰 NewstalkFM
  • ⏱ Reading Time:
  • 30 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 55%

News News

Darragh O',Brien,Fianna Fáil

Housing Minister Darragh O’Brien has announced he will propose to extend the First Home Scheme for a further five years.

The scheme is a shared equity programme where the government and participating banks pay up to 30% of the cost of your new home in return for a stake in the home., Mr O’Brien said his proposal to extend the scheme for a further five years will “help thousands more to bridge the gap to buy their first home”.He said he is also seeking to expand the Fresh Start principle, which helps people who were recently divorced or separated receive Government-backed mortgages.

The Planning and Development Bill 2023 was published last November and hopes to improve consistency and alignment throughout all tiers of planning.Mr O’Brien claimed “more homes are being built and more homes are being bought than any time in a generation” in his Ard Fheis speech. “There is a stark and clear choice in the upcoming elections. A choice between real progress and solutions or scrapping supports for home ownership and jeopardising the increase in home building.”He accused Sinn Féin of only “exploiting problems, not solving them” when it comes to housing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Over 1,500 homes bought using First Home Scheme so farA total of 4,005 buyers have been approved and 1,517 homes already bought using the First Home Scheme, new figures show today.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Over 4,000 people avail of First Home Scheme to buy propertyA quarter of approvals were for homes in Dublin, with 15% in Kildare and 14% in Cork, while average purchase price under the scheme was €379,000
Source: IrishTimesBiz - 🏆 6. / 77 Read more »