Oireachtas Joint and Select Committees

Tuesday, 8 December 2015

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht

General Scheme of the Housing (Regulation of Approved Housing Bodies) Bill 2015: Discussion

2:15 pm

Photo of Caít KeaneCaít Keane (Fine Gael) | Oireachtas source

I have a question on shared ownership and borrowings in that area. A great many people are stuck in the shared ownership scheme and in negative equity. The HFA is a bank of the local authorities but while the banks have written down or recognised negative equity, there is no such recognition in this case. Is there anything the HFA can do, in conjunction with local authorities and the Minister, for that group of people? Shared ownership was common but many people are stuck in the middle. There is a clause that a person cannot let out a house if, for example, they get a job in England.

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