Murphy insists funding for first-time-buyer loan scheme 'has not run out'

Minister for Housing Eoghan Murphy addressing the Oireachtas Committee today Image: Screengrab via Oireachtas TV Minister for Housing Eoghan Murphy addressing the Oireachtas Committee today Image: Screengrab via Oireachtas TV A FIRST-TIME-BUYERS loan scheme has not closed and applications can continue, Housing Minister Eoghan Murphy has said, following concerns that funding has run out.

Labour Housing Spokesperson Jan O’Sullivan on Monday raised concerns about a directive being issued to local authorities telling them to stop considering applications for the Rebuilding Ireland Home Loan Scheme due to funds for the scheme running out. RTÉ reported yesterday that a Department of Housing internal document revealed the scheme had been put on hold because it had run out of funding.

Echoing Boyhan’s comments, Fianna Fáil TD Darragh O’Brien said “there are hundreds of really concerned people out there right now”.Addressing the committee, Murphy said he is “genuinely surprised how this was being reported yesterday”. “The reality is the scheme will require more funding to be made available and that’s what I’m discussing with the Minister for Public Expenditure and Reform,” Murphy said.

Source: Loan Digest (loandigest.net)

Housing scheme yeah right... wat about the rents owners are absolutely fleecing the tenants..

Mr Murphy - your scheme was flawed and badly thought out from the beginning - nothing has changed. You are in a hole and given your blind direction you cannot stop digging

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