Oireachtas Joint and Select Committees

Thursday, 26 October 2023

Public Accounts Committee

Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities.

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

Am I correct in saying that the shared equity scheme is the top-up loan provided by the Government? An individual or couple who cannot borrow sufficient money to buy a house for say €300,000, have to borrow €240,000 and the Government gives them €60,000 which they have to start paying back after six years. Is that counted as affordable housing?

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