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06 Sept 2025
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06 Sept 2025
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Earlier today, Minister of State Malcolm Noonan TD announced significant improvements to the Local Authority Home Loan that will result in more people in County Kilkenny being eligible to apply for the State-backed mortgage.
The prices of homes eligible for a Local Authority Home Loan and income limits of those eligible to apply for a loan are being increased.
From March 1, house price limits for homes in Kilkenny that are eligible for the Local Authority Home Loan will increase by €50,000 from €250,000 to €300,000.
Income limits for joint applicants will increase to €85,000 and income limit for a single applicant in Kilkenny will increase to €70,000.
The Local Authority Home Loan was launched in January 2022 as part of Housing for All.
It supports creditworthy borrowers who are unable to get finance from commercial banks to buy a home.
It can be used for new, second hand or self-build homes.
Speaking after the announcement, Minister Noonan said that 'supporting home ownership is a key objective for this Government' and the increase in eligible house prices coupled with the increase in income limits will mean more people in Kilkenny can access the loan.
"Importantly, building on changes made this time last year we are again increasing the income limit for single applicants so that those earning up to €70,000 who wish to purchase a home can avail of the State backed loan," he added.
"The changes reflect the reality of today’s housing market and we will continue to keep the Local Authority Home Loan under review to ensure it remains a genuine and relevant support for people in Kilkenny who want to own their own home."
Since February 2018, over 3,300 people have got on the property ladder through the Local Authority Home Loan and its predecessor the Rebuilding Ireland Home Loan.
Minister Darragh O’Brien, along with Public Expenditure and Reform Minister Paschal Donohoe TD, will sign the amendment regulations in the coming weeks.
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