Kathryn Reilly (Sinn Fein) | Oireachtas source

I move amendment No. 11:

In page 37, between lines 16 and 17, to insert the following:
"Replenishing and refurbishment of housing stock
23. All proceeds from the sale of local authority housing stock must be ring fenced by the local authority concerned for use in the replacement of said units or, in the case where demand is not present, for the maintenance of existing local authority housing stock.".

This Bill reintroduces the incremental tenant purchase scheme which over time will mean an increase in the number of local authority tenants buying their own homes which will result in a decrease in the social housing stock. My amendment, if accepted, would mean that any money raised from the sale of local authority housing stock would be used to improve existing stock or, where a need exists, replenish stock and provide new housing. It is a short amendment but is direct and ties in with the provision of social housing and what the Government wants to do.