The Housing Minister insists funding for the Rebuilding Ireland Home Loan scheme has not run out.
The 200 million euro Government backed mortgage for first time buyers, was launched 13 months ago.
The Department of Housing stated yesterday that more funding would need to be borrowed from the Housing Finance Agency in order for the scheme to continue.
Speaking before an Oireachtas Committee today, Minister Eoghan Murphy has denied that local authorities have had to freeze the scheme.
The Minister’s comments come after one Ennis local election candidate said a considerable number of would-be homeowners in Clare would be on the back foot if this funding dried up.
Labour’s Seamus Ryan says its a vital fund for many people who are struggling to get a deposit together.
