The Housing Minister says the shared equity scheme will be available by mid-November.

The scheme will help first time buyers to bridge the gap between what they can afford and the cost of a new build property.

The State will take a stake in the property, which will be free for the first five years followed by a low interest only payment thereafter.

The plan commits to delivering 300 thousand homes by 2030.

Minister Darragh O'Brien admits that it will be a challenge.

 

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