Council launches pilot scheme to provide starter homes to Limerick buyers
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LIMERICK City and County Council has announced it s to pilot a new scheme which will allow people to buy new starter homes at a discounted price.
The Incremental Purchase Scheme is targeted at working households currently in private rented accommodation who may be on HAP, RAS or social leasing.
A new build home can be purchased at a discount price (between 40% and 605) depending on the purchaser s income band.
The two locations where the scheme is being piloted in Limerick are housing developments at Main Street, Pallaskenry and at Old Cratloe Road/ Redgate Road in Limerick city.
Limerick s Live 95
Search By Live95 News Team Limerick City and County Council is piloting a scheme which will allow people to buy a starter home at a discounted price.
The Incremental Purchase Scheme is targeted at working households currently in private rented accommodation, who may be on HAP, RAS or social leasing.
A new build home can be purchased at 40 - 60% discount, depending on income.
The two locations where the scheme is being piloted are housing developments in Main Street, Pallaskenry and the Old Cratloe Road/Redgate Road area on the outskirts of the city.
For the Main Street, Pallaskenry scheme, eight out of 16 homes being constructed are available and prices will start from €106,000 – €162,000 for a three-bedroom semi-detached home.