The first quarterly report of the scheme shows that a total of 508 buyers have been approved since July
Half of shared equity scheme grants have been used for homes in Kildare and Dublin in the first three months of the Government’s housing measure.
The most approvals were granted in Co. Kildare, where 132 buyers were deemed eligible, 26% of the total of those deemed eligible.
The €400 million First Home Scheme was set up to help first-time buyers afford to buy a home amid high housing costs and strict borrowing constraints.
Under the scheme, which is contained in the Government’s landmark Housing for All plan, the State and banks offer 30% of the cost of a first-time buyer’s new home in exchange for a stake in the house.
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