The First Home Scheme Ireland Designated Activity Company (FHS) is a legal entity established on 14th December 2021. The Scheme was officially launched on 7th July 2022.
The FHS is a collaborative initiative between the State (Department of Housing, Local Government and Heritage – DHLGH) and Participating Lenders – Bank of Ireland (BOI), PTSB, and AIB Group (AIB, EBS, and Haven Mortgages).
Its objective is to bridge the gap for eligible Customers between their deposit and mortgage, and the price of their new home (within price ceilings established across the country). The FHS is available to First Time Buyers and those catered for under Sections 10.3 – 10.5 inclusive of the 2021 Affordable Housing Act – Part 2, seeking to purchase or build a qualifying home in a private development anywhere in the Republic of Ireland.
