Grant and Housing Loan Amounts
O’Rourke and Wallace ask whether the £5,000 grant will reduce an applicant’s housing loan. The Minister says no such instruction has been issued and foresees no reduction, except where the combined loan and grant would exceed the house’s cost.
May I have an assurance from the Minister that there is no question, as has been rumoured, that the grant will be deducted from the total amount of the SDA or HFA loan which will be allocated to an applicant?
Comment on this
I am sure the Deputy would agree that the amount of the loan and grant, together, cannot exceed the cost of the house.
Comment on this
Have local authorities been advised by the Minister's Department to reduce the loan allocated by a figure of £5,000 where that loan has been granted?