Slí na hAbhann Starter Home Purchase Scheme

Cairn Homes proudly presents 25 new homes for sale at Slí na hAbhann, Ballymoneen Road,
Galway. Ten no. 2 bed mid terraced houses (1 parking space) Five no. 3 bed mid terrace houses
(with 2 parking spaces) and Ten no. 3 bed end of terrace houses (with 2 parking spaces) are being
made available for sale in partnership with Galway City Council through the Starter Homes/affordable purchase arrangements, under the Affordable Housing Act 2021 and associated regulations.

Applications will open at 12 noon on Thursday 24 September 2026.
You can register and apply once the portal opens online at www.galwaycity.ie/slinahabhann.
All applications will be prioritised in order of date and time received in accordance with Galway
City Council’s Scheme of Priority.

The minimum purchase price is:
• €330,000 for the 2 Bed Mid Terrace House (1 parking space)
• €395,000 for the 3 Bed Mid Terrace House (2 parking space)
• €410,000 for the 3 Bed End of Terrace House (2 parking space

The purchase price you pay will be calculated based on your income and mortgage capacity.

You will enter into an Affordable Dwelling Purchase Agreement with Galway City Council, which
will take an equity share in your home equal to the difference of the market value and the
purchase price you pay.

The equity share is expressed as a percentage of the market value of the home.

You can choose to buy out the equity share in your home at any time within 40 years by one or
a series of payments to Galway City Council.

Certain events can trigger the equity share to be repaid.

STARTER HOME PURCHASE SCHEME (formerly known as Affordable Housing Scheme)
You are eligible to apply for the scheme if you satisfy the following criteria:
• You are a First-Time Buyer or meet the exceptions under the Fresh Start Principle.
• Each person included in the application must have the right to reside in the State.
• The affordable home must be your place of residence.
• You must need at least a 5% equity stake from the local authority.
• You have a minimum deposit of 10% of the purchase price.
• Applicants must have their mortgage approval in principle prior to applying for an affordable
home.

The price you pay for your home will be higher if your income and mortgage capacity are
higher, and the equity share will be correspondingly lower. The table below sets out estimated
income limits.

If your gross household income is above these limits but you have reduced mortgage capacity,
you may still be eligible to apply.

If you have savings, gifts and/or support through the Help to Buy scheme, you may be able to
purchase a home with a lower household income.

Please refer to our Frequently Asked Questions at www.galwaycity.ie/affordable-housing