Equity Sharing Scheme
Aim of the Scheme
The Equity Sharing Scheme assists individuals aged 30+ who, due to their age and income, cannot take a home loan or find that the amount they qualify for is insufficient to purchase their residence without the help of the Housing Authority.
This scheme provides access to properties valued up to €250,000. Applicants must purchase at least 50% of the property using their personal funds and a bank loan, while the Housing Authority covers the remaining percentage, which shall not exceed €100,000. After 20 years, the applicants must purchase the Housing Authority’s share at the same price originally paid by the Authority.
>30Y
Age of applicant
10%
Deposit to be paid by the applicant
20Y
Period to buy back the share owned by the Housing Authority
€250k
Maximum home value