Kieran O'Donnell (Fine Gael) | Oireachtas source

By the mortgage owner, which will effectively be the co-op itself. How long will it take for A, B and C to function? Is the likelihood that the situation will automatically end up going to model B at a minimum and in some cases to model C? If the co-op ends up buying the house as distinct from the loan, the people in the house then become the tenants. Would the witnesses envisage putting something like a tenant purchase scheme in place, similar to that of the local authorities? What would happen to the next-of-kin? Let us say we had a family with a next generation of a son or daughter and the parents then pass away. How would the scheme function in practice? The aspirations of the scheme are fine. The devil is always in the detail, however. Perhaps Mr. Honohan could elaborate.