Proposed changes for first time buyers schemes pushed back

Thursday, 27 January 2022 17:27

It's estimated review will be ready for last quarter of 2022

The MHK tasked with tackling the Isle of Man's housing crisis has confirmed plans to change first time buyers' schemes have been delayed.

But chair of the Housing and Communities Board Chris Thomas has confirmed the public will be consulted:

In August the Department of Infrastructure confirmed it was reviewing its system with some possible alterations earmarked.

It was hoped changes could come into effect in spring this year - subject to approvals - however that's now been pushed back to the last quarter of 2022.

Mr Thomas was asked if the process could be carried out quicker:

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Proposed changes for first time buyers schemes pushed back

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