The Affordable Home Purchase Scheme helps people on moderate incomes to buy new homes at reduced prices. Through this affordable housing scheme, Limerick City and County Council will take a percentage equity share (share of the ownership) in the home.
The scheme is open to First Time Buyers and Fresh Start applicants only.
It is aimed at households who cannot afford a home at its open market value using their combined deposit and their approved maximum mortgage.
- How is the affordable purchase price of the homes decided?
- How do I know if I am eligible?
- How can I apply?
- What is the Affordable Home Purchase Scheme Equity Share?
- Apply for an Affordable Housing Scheme
- Contact Details
How is the affordable purchase price of the homes decided?
The affordable purchase price will be calculated by Limerick City and County Council based on the “ purchasing power ” of eligible applicants. This calculation takes into account an eligible applicant’s maximum mortgage capacity and savings, and the minimum price set for the home by the Council.
The below table shows an example of varying applicant incomes and how they determine the affordable purchase price and the Council’s equity share of an affordable home with a market value of €300,000.
You can see that the higher an applicant’s income is, the more they will contribute to the price and the less of an equity share the Council will take. The Council will work this out for you as each house price will differ.
| Income | Equity % | Equity Amount | Standard Mortgage Capacity | Deposit | Purchaser Pays |
|---|---|---|---|---|---|
| €64,125 | 5.00% | €15,000 | €256,500 | €28,500 | €285,000 |
| €64,000 | 5.19% | €15,556 | €256,000 | €28,444 | €284,444 |
| €63,000 | 6.67% | €20,000 | €252,000 | €28,000 | €280,000 |
| €62,000 | 8.15% | €24,444 | €248,000 | €27,556 | €275,556 |
| €61,000 | 9.63% | €28,889 | €244,000 | €27,111 | €271,111 |
| €60,000 | 11.11% | €33,333 | €240,000 | €26,667 | €266,667 |
| €59,000 | 12.59% | €37,778 | €236,000 | €26,222 | €262,222 |
| €58,000 | 14.07% | €42,222 | €232,000 | €25,778 | €257,778 |
| €57,000 | 15.56% | €46,667 | €228,000 | €25,333 | €253,333 |
How do I know if I am eligible?
To be eligible for an affordable housing scheme, in general you must meet the following criteria:
- You must not have previously owned a home that you bought or built to live in. Exceptions apply for a Fresh Start Applicant.
- Each person included in the application must have the right to reside indefinitely in the State.
Your income must be below a certain level. This is calculated by multiplying your gross household income by 4. This figure is known as your “ purchasing power ” and it must be less than 85.5% of the market value of the affordable home. For example, for an affordable home with a market value of €300,000, the maximum gross household income eligible to apply for the affordable home would be calculated as follows:
Market Value €300,000 85.5% of Market Value €256,500 Divided by 4 €64,125 (Maximum gross household income limit) Please refer to the Affordable Purchase Dwelling Arrangements Income Assessment Policy for information on assessable income.
- You cannot have more accumulated savings than the money required to cover the deposit for the home and an additional €30,000. Anything above this is added to your purchasing power. If your purchasing power plus your “extra” savings goes above 95% of the market value of the affordable home, you are not eligible for the scheme.
You are in a position to apply for a mortgage (you will be required to maximise your mortgage drawdown capacity).
It is strongly recommended that you have Mortgage Approval in Principle prior to applying to purchase an affordable home, or at least be in a position to apply for a mortgage.
Or
If you are unable to obtain a mortgage, you are in a position to apply for a Local Authority Home Loan.
- You must have sufficient savings to cover the minimum deposit of 10% of the purchase price of the affordable home.
- First Time Buyer applicants can also avail of the Help to Buy Scheme which is operated by the Revenue Commissioners to assist them with their deposit.
In addition to the above eligibility criteria, a Scheme of Priority for Affordable Home Purchase Arrangements applies. It outlines the process applied where the number of eligible applicants exceeds the number of affordable homes available for purchase in the Affordable Housing Scheme.
In relation to 70% of the homes, priority as to which type of home is deemed to adequately cater to the accommodation needs of a household, will be made on the following basis:
| Dwelling Type | Meets accommodation needs of: |
|---|---|
| Four-bedroom dwelling | 3 or more person household |
| Three-bedroom dwelling | 2 or more person household |
And then first come first served.
For the remaining 30% of dwellings, Limerick City and County Council will prioritise as follows:
| Dwelling Type | Meets accommodation needs of: |
|---|---|
| Four-bedroom dwelling | 3 or more person household |
| Three-bedroom dwelling | 2 or more person household |
And then being, or having been resident, in the administrative area of Limerick City and County Council for a minimum period of 3 years, and then first come first served.
How can I apply?
There will be an individual application for each affordable housing scheme.
When affordable homes are made available for purchase, they will be advertised in the following places:
- Limerick City and County Council’s website
- Limerick City and County Council’s Social Media pages and
- In a local/national newspaper
The advertisement will include details about the scheme including how and when to apply. Applications will be accepted through an online application portal. On the day the application portal opens, you can proceed to complete the online application form and upload the requested documentation.
Please be aware that applications will be prioritised on a first come first served basis.
It is strongly recommended that you have mortgage approval in principle in place.
A link to the application portal along with a list of the required documentation will be available on Limerick City and County Council’s website when an affordable housing scheme becomes available and is open for applications.
Your application will be assessed and it will be determined whether you qualify to purchase an affordable home or not. When all applications have been assessed and eligibility has been determined, Limerick City and County Council will contact all applicants to advise whether they have been successful and whether they will be receiving an offer or not, depending on the number of properties available.
What is the Affordable Home Purchase Scheme Equity Share?
As part of the Affordable Dwelling Purchase Arrangement, Limerick City and County Council will retain an “Equity Share” in your affordable home.
The Equity Share, represented as a percentage value of the home, is the difference between the purchase price and the open market value.
For example, if you purchase an affordable home and the price you pay for the home is 15% less than the open market value of the affordable home, Limerick City and County Council will take a 15% equity share in your home.
The equity share can be redeemed or “bought out” at a time of your choosing, but there is no obligation for you to do so. If you choose not to redeem the equity share while living in the home, Limerick City and County Council may do so when the property is sold, transferred, after your death, or after a 40 year period.
Apply for an Affordable Housing Scheme
Limerick City and County Council is currently progressing the delivery of affordable housing throughout Limerick City and County.
Coming soon
The Affordable Housing Scheme at Castle Place, Newcastle West, Co. Limerick will open for applications from 12:00 noon on Monday 31st August 2026 until 12:00 noon on Monday 28th September 2026.
23 no. 3 Bedroom Houses at Castle Place (Phase 3), Newcastle West, Co. Limerick, are being made available for sale by Limerick City and County Council under affordable dwelling purchase arrangements under the Affordable Housing Act 2021 and associated Regulations. Affordable units at Castle Place (Phase 3), Newcastle West, Co. Limerick will be available for first-time buyers and fresh start applicants who do not own a home (although a small number of exceptions apply).
Property Type | Typical Gross Household | Minimum Sale Price | Equivalent Market Value | Approximate % Reduction from Market Value |
3 Bedroom Semi Detached | €72,911 | €324,047 | €425,000 | 23.8% |
3 Bedroom End Terrace | €72,911 | €324,047 | €415,000 | 21.9% |
3 Bedroom Mid Terrace | €71,786 | €319,047 | €400,000 | 20.2% |
*Income to be assessed by Limerick City & County Council
The purchasers will enter an affordable dwelling purchase arrangement with Limerick City and County Council. Under this arrangement Limerick City and County Council will take a percentage equity share in the dwelling equal to the difference between the market value of the dwelling and the price paid by the purchaser, expressed as a percentage of the market value of the dwelling. Limerick City and County Council may not seek realisation of its affordable dwelling equity for a 40-year period (although a small number of exceptions apply). However, the purchaser may choose to redeem or buy out the affordable dwelling equity at any time by means of one or a series of payments to Limerick City & County Council. Eligible applicants will be prioritised based on the Limerick City and County Council Scheme of Priority.
Applicants must have Mortgage Approval in Principle (AIP) in order to be eligible for this scheme. Applicants should also ensure that they have access to adequate finance to afford the house type’s minimum sale price that they wish to apply for. Eligible applicants will be prioritised based on the Limerick City and County Council Scheme of Priority.
In relation to 100% of the dwellings, as per the Limerick City and County Council Scheme of Priority, date and time of application will be one of the criteria on which eligible applications will be prioritised under Limerick City & County Council’s Scheme of Priority. This means that eligible applications received first will be given priority.
Further information on this scheme and how to apply will be updated here in advance of 31st August 2026.
Please email your name to affordable@limerick.ie if you wish to have your name and email address included in a Register of Interest for Affordable Housing. Once your details have been added you will be advised, by email, of any new Affordable Housing Schemes once they are launched.
Contact Details for Affordable Housing
Any queries on affordable housing can be sent to affordable@limerick.ie