342 Approved For First Home Scheme In Wicklow

Hey, ho! Lego!

atest press release from Taoiseach Simon Harris, issued on Tuesday, July 16th 2024…

The success of the First Home Scheme is helping to ensure families in Wicklow can secure their new home, Taoiseach Simon Harris said.

So far, 342 Wicklow home buyers have been approved for the First Home Scheme, meaning more homeowners in the county.

The scheme is a shared equity scheme, designed to help bridge the gap for first-time buyers and other eligible homebuyers between their deposit and mortgage, and the price of their new home.

It was established in July 2022 with the aim of supporting up to 8,000 affordable purchases over a four-year period.

Today, data shows that a total of 10,669 prospective buyers have now registered their details with 4,856 application have been approved across 26 counties.

Speaking today the Taoiseach said: “This scheme has been a significant success in bridging the gap for potential homeowners Wicklow.

“The figures today show the impact it is having in a relatively short period of time, with a total of 342 buyers approved with live eligibility certificates by Wicklow County Council. This clearly demonstrates that there is now momentum behind the scheme in Wicklow and is making home ownership a reality for many young people across the county.

“It has proven to be a very effective measure to support close to 4,000 individuals or families to achieve homeownership across the country, a key objective under Housing for All. Housing is Fine Gael’s number one priority. It is the greatest societal challenge we face.

“We’ve now seen almost 52,000 new homes commenced construction in the 12 months to the end of May.

“I am confident that we will exceed our output target for 2024, making it the third year in a row where we exceed our targets.

“We are now using more and more Modern Methods of Constructions, we have increasing number of apprentices, we’re promoting careers in construction, and we know we have so much left to do to face the housing challenge.

“Every week, my Government takes new measures to respond to the challenge and we are seeing the benefit of those measures.”