Oireachtas Joint and Select Committees

Wednesday, 12 February 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform

Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion

5:20 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

The reason I ask is that representatives from the banks will be appearing before us in April to discuss the target figures that have been put in place for them. I refer to the examination of the various options under the Keane report, one of which is the mortgage-to-rent scheme. Is there a target figure for the money? Could the Minister of State explain the methodology? Is it the case that the housing section in the Department of the Environment, Community and Local Government has the money an account and deals with mortgage-to-rent approaches on a case-by-case basis? For instance, an individual who is with a particular bank might seek this option and go to the Department to determine whether the money can be drawn down.

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