Ruairí Ó Murchú (Louth, Sinn Fein)
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1162.To ask the Minister for Housing, Planning, and Local Government his views on the fact that new three-bed houses in Dundalk, currently as of 18 July 2024 available for sale, are all over the €375,000 first home scheme limit for Louth; if there are plans to move Louth into a higher property price ceiling in this scheme; and if he will make a statement on the matter. [33187/24]

Fergus O'Dowd (Louth, Fine Gael)
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1186.To ask the Minister for Housing, Planning, and Local Government if concerns raised by a person (details supplied) in respect of the current ceiling prices of the first home scheme in County Louth can be addressed; and if he will make a statement on the matter. [33419/24]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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I propose to take Questions Nos. 1162 and 1186 together.

The First Home Scheme, which launched in July 2022, is a shared equity scheme, designed to help bridge the gap for eligible first-time buyers, eligible homebuyers, and self-builders, between their deposit and mortgage, and the price of their new home (within price ceilings established across the country). Full details are available on the First Home Scheme website, www.firsthomescheme.ie.

The First Home Scheme Designated Activity Company (DAC) is fully responsible for the operation of the First Home Scheme on behalf of all shareholders, including price ceiling reviews. At its launch, the First Home Scheme Designated Activity Company (DAC) announced it would review all price ceilings at 6-month intervals. At the end of June 2024, the First Home DAC published the outcome of the fourth of its scheduled 6-monthly reviews of the price ceilings that apply to qualifying homes and subsequently revised price ceilings in relation to 14 local authority areas. The revised price ceilings came into effect 1 July 2024.

More information on price-ceiling reviews is available at the following link: www.firsthomescheme.ie/about-the-scheme/property-price-ceilings/.