Month: January 2018

O’Donovan welcomes Rebuilding Ireland Home Loan Scheme

Added January 31st, 2018

Limerick TD and Minister Patrick O’Donovan has welcomed the decision by the Government to launch a new local authority mortgage scheme to be called Rebuilding Ireland Home Loan.

“This is a scheme aimed at people who have been refused access to a mortgage by two financial institutions and have particular levels of income for houses under a certain cost. In Limerick the maximum cost of the property will be €250,000 and people can earn up to €50,000 as a single applicant or €75,000 for a couple.”

Patrick O’Donovan added “The scheme announced by the Government is for first time buyers with a deposit and is for all domestic housing properties, including self-build homes. Rates of interest will be charged on a fixed basis for the duration of the loan at between 2% and 2.5%.”

“I believe that this is very good news for many Limerick people who want to own their own home, but at present can’t access a mortgage. I have been pushing for a number of years for an introduction of a scheme like this and I am glad that the Government have been clear that they are not capping the number of people that will be able to access the scheme.”

He added “as a Government we are committed to introducing new measures that will address the current housing shortages both public and private. It’s clear that the steps we’ve taken, are having an effect in terms of numbers of houses under construction, numbers of planning permissions, numbers of commencement notices, numbers at work in construction and the numbers of those we can provide a solution for. However I accept we need to continue to work on this issue facing the country and this mortgage scheme is another element of that.”

The new scheme will open in February and further details on it can be found on the Rebuilding Ireland website www.rebuildingirelandhomeloan.ie, or from Patrick O’Donovan’s constituency office on 069 – 77998

€1.59million investment in Housing for Abbeyfeale: O’Donovan

Added January 11th, 2018

Minister of State Patrick O’Donovan has announced a €1.59million investment for housing in Abbeyfeale.

“This is good news from the Government for Abbeyfeale and it comes after a lot of work from people especially local Councillor Liam Galvin.”

“The money is being allocated by the Government for the construction of nine houses at Colbert Terrace in the town and will allow for work to be completed at the junction of Colbert Terrace and New Street.”

“I know from the time that I was a Councillor that this junction has been an issue and Councillor Liam Galvin has been consistent in his wish to have investment made in the area.”

The money is being allocated by the Department of Housing to Limerick City and County Council and Minister O’Donovan said he believes that the significant investment will both assist in the renewal of the junction and also assist in terms of responding to the housing need.

“Since being appointed as a Minister I’ve worked with my Government colleagues to get investment for Co. Limerick. This is yet a further example of that and having worked with Limerick City and County Council over that period of time to prioritise projects I’m glad to see delivery.”

 

O’Donovan welcomes €54,614 for Kantoher

Added January 8th, 2018

Limerick TD and Minister Patrick O’Donovan has welcomed news that Minister Michael Ring has allocated €54,614 for the development of a walkway in Kantoher.

The allocation has been made under the Outdoor Recreational Infrastructure Scheme and is one of thirty two grants being made from a €2.2million scheme.

“I had asked Minister Ring to consider Kantoher and the plans that were drawn up for funding and I am delighted now with this very good news for Kantoher, the community of Kileedy and the wider area. It shows this Government’s continued commitment to invest in rural areas and it follows announcements of funding to communities under Sports Capital, Town and Village Renewal and Rural Recreation.”

“This allocation to Kantoher will allow for the development of an amenity that will give people of all generations the opportunity to enjoy a safe area to walk. I have worked with the local community group there in Kileedy for many years on the development of their plans and as Minister now in Limerick I am delighted to have been able to deliver this investment to Limerick.”

 

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    Congrats to everyone in #Pallasgreen on the opening of their new playground. Glad to help the project secure funding for the children of the area #Limerick @merrionstreet @DeptRCD @MichaelRingFG @BallyhouraDev pic.twitter.com/yU7A…

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