Westmeath County Council has launched its first Affordable Housing Scheme in Bower Hill, Athlone, Co. Westmeath.
The Affordable Housing Scheme makes local homes available at a reduced price for first-time buyers, and Fresh Start applicants, whose combined mortgage and deposit will not cover the market price of the newly built home.
Through the scheme, Westmeath County Council takes a percentage equity stake (share of the ownership) in the home equal to the difference between the open market value of the property and the reduced price paid by the purchaser.
Further information on this scheme, including the Scheme of Priority, link to the application form and support documentation required, is available at https://www.westmeathcoco.ie/en/ourservices/housing/housingforall/
Content Last Updated/Reviewed: 27/09/2022