Oireachtas Joint and Select Committees
Thursday, 23 February 2023
Select Committee on Housing, Planning and Local Government
Estimates for Public Services 2023
Vote 16 - Tailte Éireann (Further Revised)
Vote 23 - Electoral Commission (Further Revised)
Vote 34 - Housing, Local Government and Heritage (Further Revised)
Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source
The first home scheme is one of the affordability measures we have in place and it is working very well. We have just short of 1,000 approvals already. The scheme only launched on 7 July last year. We wanted to ensure we had the IT system in place to back it up. There has been strong interest in it. The State is taken an equity stake and not a second mortgage. It helps bridge the affordability gap for new homes for first-time buyers and it applies the fresh start principles, which cover those who are divorced, do not own a property or have gone through personal insolvency.
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