A fair path to home ownership
Young people should be helped to buy their own homes. Fianna Fáil believes in home ownership and that good homes are the building blocks of strong communities. However the dream of owning a home is slipping away from an entire generation. Home ownership rates across the country have dropped to 68%, the lowest rate in decades while Central Bank rules limit access to credit.
Fianna Fáil will take action to help young families struggling with high rents and large deposits to buy their own home.
Why do it?
Fianna Fáil is the party of encouraging Home Ownership. We believe that owning the roof over your head, having a safe and secure place to raise your family and playing a part in your community should be supported.
Fianna Fáil’s plan to help first time buyers
Increase supply to 50,000 per year
Increase home building targets to circa – 50,000 per annum to increase the number of units available to buy.
Special Savers Scheme
Establish a Special Savers Scheme for over 100,000 first time buyers with a 25% top up to help reach your deposit.
Launch a new Tenant Purchase Scheme for social housing recipients.
Establish a new Shared Ownership Model
First time buyers will be able to purchase 40-75% of a home and rent the remainder from the state with the right to buy the rest when they have the money.
Building Affordable Homes for All
The state has to step up and build affordable units in the right places. This is a core part of Fianna Fail’s vision for securing home ownership for the next generation.