Eoghan Murphy: More money will be allocated to local authorites that reached limit for home loans

Ten local authorities have run out of their initial funding for the Government's crisis-hit home loan scheme despite Housing Minister Eoghan Murphy insisting money is available to continue the project.

Ten local authorities have run out of their initial funding for the Government's home loan scheme despite Housing Minister Eoghan Murphy insisting money is available to continue the project.

Mr Murphy made the admission during a meeting with TDs in which he claimed he knew nothing about an internal memo to press officers in January warning of funding problems. He said it was not sent by his officials.