Rebuilding Ireland Home Loan
The Rebuilding Ireland Home Loan is a new Government-backed mortgage for first-time buyers. It will be available nationwide from local authorities from Thursday, 1 February 2018.
The loan can be used both for new and second-hand properties, or to build your own home.
About the plan
Designed to accelerate housing supply in this country, Rebuilding Ireland is tackling our country’s housing shortage. This action-driven plan will result in a dramatic increase in the delivery of homes nationwide. Ambitious and imaginative in its reach, and radical in its approach, this plan will address the needs of homeless people and families in emergency accommodation, accelerate the provision of social housing, deliver more housing, utilise vacant homes and improve the rental sector.
A significant priority for the Government, this innovative and future-facing plan of action ranges across financing measures, better use of existing homes, new construction and rental sector improvements, while effective methods for delivering on the plan’s stated ambitions will also be refined.
“As we approach the 3rd anniversary of the launch of Rebuilding Ireland Action Plan for Housing and Homelessness it is timely to check on its progress.
Rebuilding Ireland is a €6 billion, multi-annual, broadly based action plan which seeks to increase the overall supply of new homes to 25,000 per annum by 2020; deliver an additional 50,000 social housing units in the period to 2021; and meet the housing needs of an additional 87,000 households through the Housing Assistance Payment (HAP) scheme and the Rental Accommodation Scheme.
Since 2016 Rebuilding Ireland has already delivered over 21,000 built, bought or long-term leased social housing homes in addition to a further 51,000 flexible housing solutions under HAP and RAS. That’s almost 72,000 individuals and families who have had their social housing needs met over a 3 year period.”
– Eoghan Murphy TD. Minister for Housing, Planning, Community and Local Government
