Cllr Joanna Byrne: Rebuilding Ireland Housing Loans reopened

Sinn Féin Councillor Joanna Byrne has welcomed confirmation she received from the Director of Services for Housing In Louth that the Local Authority have recommenced appointments with applicants for the Rebuilding Ireland Home Loans.

Cllr Byrne also received confirmation that applications will be assessed and processed on the same criteria as the last round of applicants. The Rebuilding Ireland Home Loan scheme, which assists middle to low income families who are first time buyers and have been refused mortgages by banks is the only scheme available aimed at assisting people in lower wages brackets to be able to buy their forever home.

Cllr Byrne has stated “The recent instruction from the Minister for Housing, Eoghan Murphy, for Louth County Council to cease issuing these loans was a major blow to many people who might see this as their only option. There is a huge cohort of people in this county caught in a position of earning too much to be eligible for Social Housing, but not enough to be considered for a mortgage. With an unsustainable rise in house prices, and no affordable housing schemes available, the Rebuilding Ireland Home Loan is the only other alternative, it is imperative that this remains open for applications for constituents in this County.”