Written answers

Tuesday, 26 June 2018

Department of Housing, Planning, and Local Government

Shared Ownership Scheme

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

575. To ask the Minister for Housing, Planning, and Local Government the estimated first and full year cost of recommencing the shared ownership scheme stood down in 2011. [27448/18]

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

583. To ask the Minister for Housing, Planning, and Local Government the amount spent on the shared ownership scheme per annum since its inception from 1991 until its disestablishment; the number of units provided per annum through that period in tabular form; and if he will make a statement on the matter. [27568/18]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 575 and 583 together.

In 2011, the Government announced the standing down of all affordable housing schemes, including the Shared Ownership (SO) scheme, given the changes in the property and lending markets. From 1991 to 2010, a total of 16,492 loans were issued under the scheme, of which 3,323 remained at the end of Q4 2017.

Data in relation to activity under the Shared Ownership Scheme (and other affordable housing schemes) is available on my Department's website at the following link:

www.housing.gov.ie/housing/statistics/affordable-housing/affordable-housing-and-part-v-statistics.Information is readily available on the costs of the SO scheme per annum from its inception until its discontinuance.

There are no plans at this time to develop a new Shared Ownership (SO) scheme. If such a scheme was to be introduced, any costs arising would be determined by the terms of the scheme and the number of eligible applications received.

Comments

No comments

Log in or join to post a public comment.