Written answers
Tuesday, 15 December 2020
Department of Housing, Planning, and Local Government
Home Loan Scheme
Patrick O'Donovan (Limerick County, Fine Gael)
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278. To ask the Minister for Housing, Planning, and Local Government his plans to include existing owners of derelict properties in the Rebuilding Ireland home loan scheme; and if he will make a statement on the matter. [43117/20]
Darragh O'Brien (Dublin Fingal, Fianna Fail)
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Following a review of the two existing local authority home loan schemes, the House Purchase Loan and the Home Choice Loan, a new loan offering was introduced, from 1 February 2018, known as the Rebuilding Ireland Home Loan.
In line with the previous schemes, the Rebuilding Ireland Home Loan is designed to enable creditworthy first-time buyers to access sustainable mortgage lending to purchase new or second-hand properties in a suitable price range, or to self-build; it does not include undertaking renovation projects. I have no plans to change this requirement at present.
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