Dáil debates

Tuesday, 11 June 2019

Ceisteanna Eile - Other Questions

Home Loan Scheme

5:35 pm

Photo of Jan O'SullivanJan O'Sullivan (Limerick City, Labour) | Oireachtas source

Although the Minister stated that there is still money in the scheme, some local authorities have run out of money. What are officials in those local authorities being told to do? Can they approve loans even though their local authority has run out of money? Can they get more money from the Department? What specifically have they been told to do? Deputies stated that some people's applications have been returned. If there is a change to the terms of the scheme under the new announcement, such as a change to the interest rate, will people who applied but whose local authority had run out of money qualify under the old scheme because they sought to apply before the scheme was changed or will they be subject to new conditions which may mean they cannot buy the home they had intended to buy?

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