Fianna Fáil TD for Sligo-Leitrim Marc Mac Sharry has warned the government position on the Rebuilding Ireland Home Loan Scheme remains unclear, however it has been revealed that an extra €200 million annually has been requested by the Department of Housing, Planning and Local Government to fund the Rebuilding Ireland Home Loan Scheme up until 2021.
Deputy Mac Sharry explained, “I understand the Department of Housing has sought an additional €600m for the loan scheme up to 2021. However, there is no indication as to whether this request will be approved or even when a decision will be made.
“In the past number of weeks, I have been contacted by many anxious prospective homebuyers in the North West who have applied for funding under the scheme. They are now left in the dark, with no indication as to whether additional funding will be made available under the scheme. We are told there is a review of the scheme underway, but we have scant details of the nature of this review.
“It shouldn’t have come as much of a surprise to the government that the original funding allocation of €200m would be used up so quickly. We are experiencing a housing crisis nationwide.
“Across eight years in power, Fine Gael have built no affordable housing and their attempt to provide access to credit for first-time buyers has left a sour taste for many. They must clarify their commitment to the plans for anxious applicants in Sligo, Leitrim, Roscommon and South Donegal”, concluded Mac Sharry.