Oireachtas Joint and Select Committees

Tuesday, 18 April 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

Housing for All: Department of Housing, Local Government and Heritage

Ms Caroline Timmons:

Yes, that has come up a number of times. As the Senator is aware, the Department did seek to progress the matter with the Department of Finance last year. I absolutely confirm that it is continuing to be an issue that we wish to progress with the Department of Finance this year. The Senator is aware the rules of the scheme go up to 70% loan-to-value, LTV, and those continue at present, but we will engage again over the coming months. As the Senator said, we are getting into that process now where we need to be preparing for the next Finance Bill, so we will be doing that.

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