Darragh O'Brien (Dublin Fingal, Fianna Fail)
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The Local Authority Home Loan is a Government-backed mortgage for those who cannot get sufficient funding from commercial banks to purchase or build a home. It has been available nationwide from local authorities since 4 January 2022 for first-time buyers and fresh start applicants. The loan can be used both for new and second-hand properties, or to self-build.

On 14 November 2023, I brought a proposal to my Cabinet colleagues to broaden the Local Authority Home Loan, to make finance available to purchase and renovate derelict or non-habitable properties for the first time, which was agreed.

This is evidence of the Government’s continued focus on bringing vacant and derelict homes back into use, which is a major focus of Pathway 4 of Housing for All. It will provide a means for many eligible individuals and families to finance viable renovation projects on their own initiative.

My Department, working closely with local authorities and other stakeholders, will now be tasked with finalising the details of the extension of the Local Authority Home Loan to ensure we can have this ready for applicants in Q2 next year.