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The Local Authority Purchase and Renovation Loan was approved by Government at the beginning of June.
The loan, which is an expansion of the Local Authority Home Loan, will support both the purchase and renovation of homes which are eligible under the existing Vacant Property Refurbishment Grant.
The Vacant Property Refurbishment Grant has been received 124 applications in Wicklow so far and 78 approved.
Now, with the Local Authority Purchase and Renovation Loan, a first time buyer who wishes to turn a vacant or derelict property into a new home can receive a loan to fund both purchase and renovation works.
Apply for the loan here