Results 1-20 of 61 for rebuilding ireland come loan speaker:Darragh O'Brien

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (23 Jun 2022)

Darragh O'Brien: ...State and retail banks. Under this strategy, approximately 10,000 Cost Rental homes will be delivered from 2021 to 2026 by AHBs, Local Authorities and the LDA.  AHBs will be supported by Cost Rental Equity Loan (CREL) funding and Local Authorities will be able to avail of funding for Cost Rental delivery through the Affordable Housing Fund, formerly the Serviced Sites...

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (23 Jun 2022)

Darragh O'Brien: ...;, two new Affordable Purchase schemes are being established (the Local Authority Affordable Purchase Scheme and the First Home shared equity scheme), as well as a new Cost Rental tenancy and an improved Local Authority Home Loan scheme. All of these affordable schemes are available to single applicants.  The Local Authority Affordable Purchase Scheme assists first-time purchasing...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (22 Mar 2022)

Darragh O'Brien: ...to assist local authority and Approved Housing Body delivery of affordable housing, for purchase and rent, through the Affordable Housing Fund (AHF), previously known as the Serviced Sites Fund (SSF), and the Cost Rental Equity Loan. The SSF is supporting affordable housing development at Merlin Woods in Galway City, which, according to Galway City Council, will deliver...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (2 Dec 2021)

Darragh O'Brien: The Rebuilding Ireland Home Loan is available to first-time buyers only. This is set out in the regulations governing the Scheme. However, applicants who are separated or divorced may be treated as first-time buyers, in accordance with the regulations, if they meet certain conditions, including:  - they are separated or divorced under...

Select Committee on Housing, Planning and Local Government: Estimates for Public Services 2021
Vote 34 - Housing, Local Government and Heritage (Supplementary) (2 Dec 2021)

Darragh O'Brien: ...posts. These are good jobs in which people can see they have really good opportunities to build real and lasting careers in our local government sector. That is what I want. I want our graduates coming into local government, I want apprenticeships in local government and I want people back out building, using their trades and so on. We are working on the county architects element and...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (16 Nov 2021)

Darragh O'Brien: As part of Housing for All, I announced a reformed successor to the Rebuilding Ireland Home Loan Scheme, the 'Local Authority Home Loan'. The Local Authority Home Loan will include an increase in the income ceiling for single applicants. For counties where the scheme’s house price limit is €320,000 (Cork, Dublin, Galway, Kildare, Louth, Meath and Wicklow), the income ceiling...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (11 Nov 2021)

Darragh O'Brien: With regard to issue of mortgage requirements and the assessment by financial institutions of mortgage applications, these requirements are governed by the Central Bank of Ireland which retains independence in the establishment of macro-prudential policy and mortgage measures. Information in this regard, including on exemptions and other matters, is available at the following...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (11 Nov 2021)

Darragh O'Brien: As with the previous local authority loan offerings, the Rebuilding Ireland Home Loan is currently available to first-time buyers only. This is set out in the regulations governing the Scheme and ensures effective targeting.  However, applicants who are separated or divorced may be treated as first-time buyers, in accordance with the...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (11 Nov 2021)

Darragh O'Brien: I propose to take Questions Nos. 276 and 292 together. The Rebuilding Ireland Home Loan, which is operated by my Department, is designed to enable creditworthy first-time buyers, who are unable to access a mortgage from a commercial lender, to obtain sustainable mortgage lending to purchase a new or second-hand property.  To support prudential lending and consistency of treatment for...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (2 Nov 2021)

Darragh O'Brien: ...financial commitment of over €4bn per annum. As detailed in Housing for All under ‘Pathway to Supporting Home Ownership and Increasing Affordability’, affordable purchase and the home loan scheme will be primarily targeted at first time buyers. However, the plan also confirms that it is intended that a ‘Fresh Start’ principle will apply for applications...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (7 Oct 2021)

Darragh O'Brien: Local authority mortgage protection insurance (MPI) scheme has applied to all house purchase loans approved by local authorities after 1 July 1986, including the Rebuilding Ireland Home Loan introduced on 1 February 2018. Local authority MPI will also apply to the Local Authority Home Loan when it is intoduced. One of the conditions of the MPI scheme, which is a group policy, is that it...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (5 Oct 2021)

Darragh O'Brien: As part of Housing for All, I announced a reformed successor to the Rebuilding Ireland Home Loan Scheme, the 'Local Authority Home Loan'. The Local Authority Home Loan will include an increase in the income ceiling for single applicants. For counties where the scheme’s house price limit is €320,000 (Cork, Dublin, Galway, Kildare, Louth, Meath and Wicklow), the income...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (28 Sep 2021)

Darragh O'Brien: As part of Housing for All, I announced that a reformed successor to the Rebuilding Ireland Home Loan Scheme, the 'Local Authority Home Loan', will be in place later in 2021. The Local Authority Home Loan will include an increase in the income ceiling for single applicants, thus increasing the number of people eligible for a mortgage. I have already implemented a reduction of the mortgage...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (28 Sep 2021)

Darragh O'Brien: ...under the plan will be targeted at first time buyers. However, it is intended that a ‘Fresh Start’ principle will apply for applications to both affordable purchase housing and local authority home loan schemes. This would mean that people who are divorced or who have undergone insolvency proceedings, will be eligible to apply. Housing for All commits to delivering an...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (28 Sep 2021)

Darragh O'Brien: My Department does not collect data on the number of Rebuilding Ireland home loans that have been issued to non-first-time buyers who are separated or divorced. As regards the policy context, the Rebuilding Ireland Home Loan Scheme enables credit-worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, where they...

Written Answers — Department of Housing, Planning, and Local Government: Housing Policy (21 Sep 2021)

Darragh O'Brien: The Rebuilding Ireland Home Loan Scheme enables credit-worthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, where they cannot obtain sufficient mortgage finance from a commercial lender. As with the previous local authority loan offerings, the Rebuilding Ireland Home Loan is currently available to first-time...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (15 Sep 2021)

Darragh O'Brien: .... As confirmed in the Government's recently published Housing For All Strategy, it is intended that a ‘Fresh Start’ principle will apply to applications to State-run affordable housing and loan schemes. This means that people who are divorced/separated and no longer have a financial interest in the family home, or who have undergone insolvency proceedings, will be eligible...

Written Answers — Department of Housing, Planning, and Local Government: Housing Schemes (27 Jul 2021)

Darragh O'Brien: ...,000) to eligible first-time homeowners purchasing or self-building a new home. Further information on this support is available online at: www.revenue.ie/en/property/help-to-buy-incentive/index.aspx. The Rebuilding Ireland Home Loan is another support for first-time homeowners, including self-builds. This scheme enables access to sustainable mortgage lending to...

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (27 Jul 2021)

Darragh O'Brien: ....  It is anticipated that the Scheme will be supported and operated in partnership with the retail banks - depending on the final design, this will allow support for c.1,500 to 2,000 households to buy new homes in the first year.  The new Cost Rental Equity Loan (CREL) is the first dedicated funding stream for Cost Rental housing in Ireland. CREL will assist Approved Housing...