Written answers

Thursday, 5 February 2009

Department of Environment, Heritage and Local Government

Housing Regulations

5:00 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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Question 50: To ask the Minister for the Environment, Heritage and Local Government the number of people who have made an application under the home choice scheme; and if he will make a statement on the matter. [3895/09]

Photo of Terence FlanaganTerence Flanagan (Dublin North East, Fine Gael)
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Question 221: To ask the Minister for the Environment, Heritage and Local Government if he will respond to a query (details supplied); and if he will make a statement on the matter. [4076/09]

Photo of Michael FinneranMichael Finneran (Roscommon-South Leitrim, Fianna Fail)
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I propose to take Questions Nos. 50 and 221 together.

The Housing (Home Choice Loan) Regulations 2008, which provide for the introduction of the Home Choice Loan scheme came into effect on 1 January 2009. The scheme is now fully operational.

Over 1,200 prospective purchasers had formally registered interest on the dedicated Home Choice website (www.homechoiceloan.ie) in advance of the scheme's formal introduction on 1 January and these have been contacted in recent weeks to advise that applications are now being accepted. Four full applications have now been made and a significant number of enquiries have also been received from brokers in relation to pending applications.

It is important to note that the intention of the scheme is not to provide an incentive for households to enter the housing market; it is designed rather to facilitate first-time buyers who have decided to purchase a home at this time.

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