Seán Sherlock (Cork East, Labour)
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247. To ask the Minister for Housing, Planning, and Local Government if he will provide an update under Housing for All for a new first home shared equity scheme for private developments. [7108/23]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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I refer to the reply to Questions No. 163 and 164 of 8 February 2023 which sets out the position in this matter.

Seán Sherlock (Cork East, Labour)
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248. To ask the Minister for Housing, Planning, and Local Government if he will provide an update under Housing for All for a reformed local authority home loan. [7109/23]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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In line with the commitment in Housing for All, the expanded Local Authority Home Loan was launched in January 2022. It is a Government backed mortgage for those who cannot get sufficient funding from commercial banks to purchase or build a home. It is available to first-time buyers and "fresh start" applicants to purchase a new or second-hand property, or to self-build.

Following a review of the Local Authority Home Loan, I recently announced further significant changes to the scheme parameters in relation to house prices and income limits, which will result in more people being eligible to apply for this State-backed mortgage. These changes will come into effect from 1 March 2023. Details in this regard can be accessed on my Department’s website at the following link: www.gov.ie/en/press-release/4b19c-more-homebuyers-now-eligible-for-local-authority-home-loan/

Further information on the Local Authority Home Loan is available on its dedicated website localauthorityhomeloan.ie/