The buyers can use the loan to purchase a new or second-hand property, or use it for a self-build. One of the measures in the plan relates to reforms of the Rebuilding Ireland Home Loan (RIHL) scheme, which is a mortgage for first-time buyers which you can avail of through your local authority. The plan will replace the government’s ‘Rebuilding Ireland’ scheme which former housing ministers Simon Coveney and Eoghan Murphy helmed in the years since its launch in 2016. The much-talked-about new housing plan was due to be published in July this year but was pushed back to the autumn amid coalition wrangling over costs.
The measure will be part of the the government’s plan, which will be approved by a special Cabinet meeting being held later this morning. Single people who have difficulty buying their first home are to be targeted under reforms earmarked for the government’s mortgage scheme, currently known as the Rebuilding Ireland Home Loan (RIHL). The government is aiming to deliver 300,000 homes made up of 90,000 social homes, 36,000 affordable homes, 18,000 cost rental homes – with 156,000 homes being private sector builds by the end of 2030.
The Housing for All plan will be published today and will commit to a €4 billion annual investment in housing and set annual targets across social, affordable and cost rental housing. THE GOVERNMENT’S PLAN to tackle the housing crisis will aim to deliver 300,000 new homes by the end of 2030 under a €4 billion per-year strategy.
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