Tuesday, 17 September 2019
Department of Housing, Planning, and Local Government
Home Loan Scheme
680. To ask the Minister for Housing, Planning, and Local Government if he will remove or increase the restriction of 175 square metres in respect of the Rebuilding Ireland home loan; and if he will make a statement on the matter. [37530/19]
As with the previous local authority house purchase loan offerings, the properties that may be purchased with a Rebuilding Ireland Home Loan must have a gross internal floor area of 175 square metres or less, which is equivalent to 1,884 square feet. This property size limit more than adequately provides, in terms of property size, for the range of accommodation needs of first time buyers and I have no plans, at this time, to revisit this provision.