Local Authority Purchase and Renovation Loan

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• Local Authority Purchase and Renovation Loan

The Local Authority Purchase and Renovation Loan is a Government backed mortgage and loan for the purchase and renovation of derelict and non-habitable homes. The property must be eligible for the Vacant Property Refurbishment Grant, whether derelict, non-habitable or simply vacant.

The Vacant Property Refurbishment Grant is a payment you can get if you are turning a vacant house or building into your permanent home. A grant of up to €50,000 is available.  If the refurbishment costs exceed the standard grant of up to €50,000, a top-up grant amount of up to €20,000 is available. 

If you wish to purchase and/or renovate a Vacant Property Refurbishment Grant eligible home but cannot get sufficient funding from commercial lenders you can apply to your local authority for a Local Authority Purchase and Renovation Loan.

Full details of the Local Authority Purchase and Renovation Loan, including eligibility criteria, can be found at https://purchaseandrenovationloan.ie/

 

How to apply:

Applicants must complete a Local Authority Purchase and Renovation Loan application form which is available for download and return it to:

Galway County Council

Housing Loans

Áras an Chontae

Prospect Hill

Galway 

H91 H6KX

Download application form here:  https://purchaseandrenovationloan.ie/applying/