31 homeowners in Cavan have benefitted from the First Home Scheme.
The scheme has supported 5,000 home purchases nationally, since its launch in 2022.
Under the initiative funding is offered to first-time buyers who, despite having a deposit and mortgage approval in place, still could not cover the cost of a new-build home.
In exchange for providing funding, the scheme takes an equity stake of up to 30% in the home.
A local Senator said the scheme has only been in place for the last number of years but has already shown to be very popular in Cavan.
Speaking to Northern Sound, Senator Joe O'Reilly explains how the scheme can help.
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