Oireachtas Joint and Select Committees

Thursday, 19 May 2016

Committee on Housing and Homelessness

Tyrrelstown Residents

10:30 am

Mr. Charlie Cleary:

Could the people in the houses buy them from the developer? Only one thing is preventing them from buying. They are able to pay €1,500 a month in mortgage or rent. Perhaps there could be some type of agreement with the bank and developer whereby they could buy them. Some of the houses there cost €550,000 and they are worth just over €200,000 now. Instead of the vulture funds buying them, could the residents who are working there and the council buy them off the developer for the standard price or the going rate?

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