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New housing scheme will benefit first-time buyers

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By Ted Healy of DNG TED HEALY

This week Housing Minister Darragh O'Brien announced a new landmark affordable housing scheme which will benefit thousands of middle income home buyers.

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The First Home Shared Equity Scheme, set to be rolled out from early July with €400m funding from the Government, is designed to bridge the gap for those whose income is too low to get them a big enough mortgage to buy their first home.

The three main banks have signed up to the scheme which will see the State providing an interest-free stake of up to 30 percent in the home.

It is expected to cover the purchase of eight thousand new homes over the next four years.

Under the scheme, the purchase of new-build homes is to be jointly funded by the State and participating mortgage lenders.

AIB, Bank of Ireland and Permanent TSB are on board with the scheme, and other lenders are expected to sign up.

The flagship First Homes Scheme in the Government’s 'Housing For All' strategy, will have no income limits for those who apply for it.

However, there are limits on the value of properties that will qualify for the scheme in each local authority area. The limits will be based on the median value for a new home in the area.

The new scheme is set to be welcomed by those who are earning too much to qualify for social housing, but too little to qualify for a mortgage in a property market where values are back close to Celtic Tiger peaks.
It will help bridge the gap between the finance they have and the finance they need to purchase their first home. It will make a difference quickly.

As an example, a couple with an income of €70,000, who want to buy a €320,000 new home, will put up a 10 percent deposit, the most they can borrow is €277,000. This leaves a gap of €43,000.

First Home would provide this amount as equity, with no interest for the first five years.
This couple could also benefit from the State’s Help-To-Buy scheme, which usually provides tax relief of up to 20 percent of the property’s value.

The scheme will apply to first-time buyers, but also to divorced people and those who have been made bankrupt.

Further details of the scheme are available on www.gov.ie.

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KWD Recycling shortlisted for national environmental awards

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KWD Recycling shortlisted for national environmental awards


Killarney-based KWD Recycling has been announced as a finalist in the 2026 Repak Resource Awards, securing a spot on the national shortlist for environmental achievement.


The local waste management company has been nominated in the Best Recovery Operator Innovation category, sponsored by DNV, for its state-of-the-art residual waste recovery system.
The Killarney facility utilizes optical sorting, screening, and mechanical processing to extract recyclable plastics and organic material from municipal waste. In its first year of operation, the technology recovered more than 10 per cent of plastic packaging from residual waste for recycling and diverted almost 50 per cent of organic material toward composting.
KWD Recycling will compete alongside Dublin operators Panda and Thorntons Recycling for the category title.
Repak CEO Zoe Kavanagh commended the Kerry firm for demonstrating environmental leadership and bringing local ambition to the national awards.
Category winners will be announced at a black-tie ceremony at the Mansion House in Dublin on Friday, October 23, where each winner will also compete for the Overall Repak Resource Award.
Local businesses have a strong track record at the national event, with Killarney town venue The Killarney Park and The Ross previously taking home the overall title in 2023.

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Drivers warned as deer rutting season begins

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Drivers warned as deer rutting season begins


Motorists in Killarney are being urged to exercise extreme caution as the annual deer rutting season gets underway, causing animals to stray far beyond their usual habitats inside Killarney National Park.


The autumn mating season sees deer becoming highly active and unpredictable, leading to increased sightings and collisions on local roads outside traditional park boundaries.
Two separate incidents highlighted the growing hazard on local routes this week. A reader contacted the Killarney Advertiser to warn drivers after spotting a deer roaming near Tiernaboul towards the school on Sunday afternoon around 7.30pm.
Later that same night, in the early hours of Monday morning, a local driver collided with a deer near Kerry Airport around 1am while returning home from an event.
Despite attempting evasive action, the motorist struck the animal, which died at the scene and temporarily blocked the road before local Gardaí were alerted to clear the obstruction.
The driver sustained substantial vehicle damage, requiring repairs to the bumper, headlamp, and internal components, leaving her facing significant garage costs and time off the road.
Gardaí and road safety advocates advise motorists travelLing during early morning and late evening and remain vigilant along tree-lined routes.

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