The Sir Sid Darek Scheme encourages tenants living in eligible social housing properties to purchase their home and continue using it as their primary residence, thereby becoming homeowners.
Tenants with assets not exceeding €150,000 are eligible for a 50% subsidy on the sale price. Tenants whose assets exceed this limit can still purchase their residence at a commercial price without benefiting from the subsidy.
10Y
Before property can be transferred
<€150k
Assets of applicants to benefit from the subsidy
50%
Subsidy on the price of the property to be purchased
25%
Penalty over market value for false declaration