> Speaking in the Dáil last week, Tánaiste Micheál Martin defended the price of the fifth of the homes in the scheme that are being sold as affordable homes (another 40% are social homes and the remaining 40% are cost-rental).
> “Those prices are €100,000 lower than the market price at the moment, bear that in mind, because of schemes the Government introduced to support providers,” Martin said.
> “Let us go further. Let us take the First Home Scheme, which Sinn Féin opposed, the shared equity scheme. Anyone purchasing a home through that scheme can get up to €100,000, which brings the price and the affordability down to €300,000.”
> The First Homes Scheme is also a shared equity scheme, however it is done on the open market (subject to conditions), whereas people hoping to buy a home on the Oscar Traynor Road Affordable Purchase Scheme must apply through the council.
> Pearse Doherty asked Martin today if he would accept that what he had claimed on the Dáil record last week regarding the scheme “was not true”. Martin did not answer directly but did admit that he had been mistaken.
> He said:“I accept that the Affordable purchase home schemes Oscar Traynor are subsidized through the Local Authority Shared Equity Scheme, not the First Home Shared Equity Scheme, because I inadvertently said both.
I’d be inclined to believe him when he said he was mistaken. Having multiple competing schemes is a confusion that doesn’t appear to benefit anyone in particular
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> Speaking in the Dáil last week, Tánaiste Micheál Martin defended the price of the fifth of the homes in the scheme that are being sold as affordable homes (another 40% are social homes and the remaining 40% are cost-rental).
> “Those prices are €100,000 lower than the market price at the moment, bear that in mind, because of schemes the Government introduced to support providers,” Martin said.
> “Let us go further. Let us take the First Home Scheme, which Sinn Féin opposed, the shared equity scheme. Anyone purchasing a home through that scheme can get up to €100,000, which brings the price and the affordability down to €300,000.”
> The First Homes Scheme is also a shared equity scheme, however it is done on the open market (subject to conditions), whereas people hoping to buy a home on the Oscar Traynor Road Affordable Purchase Scheme must apply through the council.
> Pearse Doherty asked Martin today if he would accept that what he had claimed on the Dáil record last week regarding the scheme “was not true”. Martin did not answer directly but did admit that he had been mistaken.
> He said:“I accept that the Affordable purchase home schemes Oscar Traynor are subsidized through the Local Authority Shared Equity Scheme, not the First Home Shared Equity Scheme, because I inadvertently said both.
I’d be inclined to believe him when he said he was mistaken. Having multiple competing schemes is a confusion that doesn’t appear to benefit anyone in particular