Kildare County Council Providing Another Support to Home Buyers
Kildare County Council has issued Advance Notice of a new Affordable Housing Scheme. The Local Authority Affordable Housing Purchase Scheme aims to help people on moderate incomes to buy new homes at reduced prices.
In the coming months, Kildare County Council intends to make new homes available for purchase in Kildare under the Local Authority Affordable Housing Purchase Scheme. In return, Kildare County Council will take a percentage equity interest in the home that covers the reduction in price.
The scheme is aimed at first-time buyers, but there are some exceptions for fresh start applicants.
You are a first-time buyer if:
- You have not previously bought or built a property to live in
- You do not own or have an interest in any property in Ireland or abroad
You are a fresh start applicant if:
- You previously owned a home, but you no longer have a financial interest in it because:
- You are now divorced, separated, or your relationship has ended
- You have gone through personal insolvency or bankruptcy
Eligible applicants are encouraged to take the time during this advance notice period to familiarise themselves with the application process and documentation, such as Mortgage Approval in Principle are advised. A minimum deposit of 10% of the purchase price of the property will also be required.
An online application system will be available as each affordable housing scheme is launched, meaning, there is no general application form or waiting list.
Eligible applicants can use the Local Authority Home Loan or a mortgage from any private lending institution, to finance their purchase.
A full list of required documentation and eligibility criteria are available at Affordable Housing – Kildare County Council (kildarecoco.ie).
All queries can be sent via email to affordablehousing@kildarecoco.ie
