Oireachtas Joint and Select Committees
Tuesday, 25 April 2023
Joint Oireachtas Committee on Housing, Planning and Local Government
Housing for All: Department of Housing, Local Government and Heritage (Resumed)
Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source
The Affordable Housing Act was passed in 2021 and these were in the first batch of affordable properties. Any delay is not to be welcomed. To give more detail, I cannot give a guarantee to anyone about a mortgage lender or a private bank that is lending. Any lending institution or mortgage institution that is lending for a State-backed affordable home, where the State is in many instances is taking one quarter to one third of the home in equity and with a reduced sale price, would be crazy not to reissue mortgage approval. We are looking at very affordable homes here and this is what we want. We want more of them. Cluain Chaoin will go to the general meeting of Cork City Council for approval on Monday, 8 May.
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