The fifth initiative of a discounted market homes for first-time buyers scheme in County Limerick has been launched.

Limerick City and County Council announced the latest instalment of the New Build Incremental Purchase Scheme, which offers existing working Local Authority and AHB tenants and households on HAP and RAS the chance to purchase discounted market homes in Clonmacken.

This scheme aims to support working families and individuals in transitioning from private rental accommodation—including those availing of HAP, RAS, or social leasing—into homeownership.

In particular, the scheme offers opportunity to buy where a household has received a Notice to Quit. Eligible applicants can buy these newly constructed starter homes at a 40–60% discount, based on certain income bands. 

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The homes on offer during this fifth phase include seven units consisting of three-bedroom homes priced between €99,402 and €149,103 depending on income. These are energy-efficient with modern features and spacious designs, ready for occupation.

The application process has now opened and will close on April 22 at 5pm. Eligible candidates must submit a complete application, including Mortgage Approval in Principle, to be considered. 

Mayor of Limerick, John Moran, emphasised the importance of such schemes in addressing housing pressure, stating: "Initiatives like the New Build Incremental Purchase Scheme are strengthening our ongoing efforts to address the housing crisis in Limerick.

"By providing affordable, high-quality homes, we are supporting working families and individuals. This scheme offers a realistic pathway to homeownership, ensuring that more people can have a place to call their own in one of our focus neighbourhoods, Clonmacken." 

Visit here for more information, including eligibility criteria and details on how to apply.