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Seanad
‹ An tOrd Gnó - Order of Business

Incremental purchase scheme Limerick

Summary

Senator Byrne praised the new incremental purchase scheme in Limerick as a route to home ownership for people on housing supports.

I raise the issue of the incremental purchase scheme that opened in Limerick yesterday in Cois na Sionainne in Clonmacken. It is a very good scheme for those on the housing waiting list and those in receipt of HAP and RAS. Three-bedroom houses are available for purchase by people who are willing to go the extra bit and put their savings forward for the purchase of a home. They have the option of purchasing their forever home. It is the fifth scheme that has opened in Limerick. The four schemes to date have been very successful in setting up families with security of tenure and, at the end of the day, they have pride in their own homes. It opened at 9 a.m. yesterday and will remain open until 22 April. It is very important to highlight the fact it is open to all, including people who are working and have an income. It gives people full support in purchasing their own homes. I welcome the scheme.

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