Council Purchase and Renovation Loan available in Kildare

THE Local Authority Purchase and Renovation Loan is now open for applications in Co Kildare, having bee approved by Government at the beginning of June. The loan, which is an expansion of the Local Authority Home Loan, will support both the purchase and renovation of homes which are eligible under the existing Vacant Property Refurbishment Grant.

The Vacant Property Refurbishment Grant has been ‘incredibly popular’ to date in Kildare with 214 applications received under the scheme so far and 163 approved. Now, with the Local Authority Purchase and Renovation Loan, a first-time buyer who wishes to turn a vacant or derelict property into a new home can receive a loan to fund both purchase and renovation works.

“Under Housing for All we have placed a special emphasis on tackling vacancy and dereliction all across our country,” said Minister for Housing, Local Government and Heritage, Darragh O’Brien. “This new purchase and renovation loan is simply another tool in our armoury and offers another option for home buyers. We will continue doing everything we can to rejuvenate and regenerate our villages, towns and cities, making them even better places for people to call home.” 

Alan Dillon, Minister of State with responsibility for Local Government and Planning, said this new loan “will make it easier for people to purchase and renovate vacant and derelict properties and breathe new life into them.” 

You can apply for the loan at purchaseandrenovationloan.ie.