Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context

Question 408: To ask the Minister for the Environment, Heritage and Local Government if local authorities should be applying the increased income threshold of €28,001 for mortgage subsidies as set out in Circular HPS 10/05 to loans approved prior to 1 January 2006; and if he has plans to introduce further changes to provide relief for loans approved after 1 January 2006. [21999/08]

Michael Finneran (Roscommon-South Leitrim, Fianna Fail)
Link to this: Individually | In context

The current income bands and subsidies under the mortgage subsidy scheme are set out under the Housing (Mortgage Subsidy) Regulations 2005 and in associated Circular Letters HPS 10/05 and 1/06, and apply to all transactions completed on or after 1 January 2006. The previous income bands and subsidies apply to transactions completed before this date.

The matters referred to are under review and I hope to be in a position to indicate the outcome of that review shortly.