Recommencing the Shared Ownership Scheme

QUESTION

* To ask the Minister for Housing; Planning and Local Government the estimated first and full year cost of recommencing the shared ownership scheme stood down in 2011.

* To ask the Minister for Housing; Planning and Local Government the amount spent on the shared ownership scheme per annum since its inception from 1991 until its disestablishment; the number of units provided per annum through that period in tabular form; and if he will make a statement on the matter.
REPLY

In 2011, the Government announced the standing down of all affordable housing schemes, including the Shared Ownership (SO) scheme, given the changes in the property and lending markets.  From 1991 to 2010, a total of 16,492 loans were issued under the scheme, of which 3,323 remained at the end of Q4 2017.  
Data in relation to activity under the Shared Ownership Scheme (and other affordable housing schemes) is available on my Department's website at the following link:
http://www.housing.gov.ie/housing/statistics/affordable-housing/affordable-housing-and-part-v-statistics.  Information is readily available on the costs of the SO scheme per annum from its inception until its discontinuance.  
There are no plans at this time to develop a new Shared Ownership (SO) scheme.  If such a scheme was to be introduced, any costs arising would be determined by the terms of the scheme and the number of eligible applications received.