The Equity Sharing Scheme assists individuals aged 25+ 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 with a value of up to €250,000. In cases where applicants are aged 40 or over and are purchasing the remaining share of their former matrimonial home from their former partner at law, the maximum property value is €350,000. Under this scheme, 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, capped at 50% of the property value. The Authority’s share shall not exceed €100,000 in either case.
After 20 years, applicants must purchase the Housing Authority’s share at the same price originally paid by the Authority.
>25Y
Age of applicant
20Y
Period to buy back the share owned by the Housing Authority
10%
Deposit to be paid by the applicant
€250k-€350k
Maximum home value