Oireachtas Joint and Select Committees
Thursday, 21 September 2023
Joint Oireachtas Committee on Housing, Planning and Local Government
Cost Rental Tenant In Situ Scheme: Minister for Housing, Local Government and Heritage
Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source
There is. Some of these sales will be closed but we will not get the claims for them until later in the year or early next year. They are not all going to come in this calendar year. As I said earlier, I expect them to spend approximately €300 million, based on what we are projecting. Will all of that be in this year's expenditure? I cannot guarantee that. It depends when the claims are submitted. The local authorities carry out the function. They will conclude the sales and do not have to come back to me looking for the money. They can close the sale, pay out the money and seek reimbursement from us. There are four local authorities there. As I said earlier, I intend to continue this into next year.
I earlier mentioned the cost rental tenant in situscheme. There have been approximately 139 cases so far. We expected to spend approximately €10.25 million on the scheme and I am projecting we will spend approximately €24 million on it this year. Other Deputies mentioned information in respect of the cost rental tenant in situscheme. I want to mention something that Deputy Ó Broin already mentioned. All tenants in the country, whether they received a notice to quit or not, were written to by the Residential Tenancies Board, RTB, outlining their rights should they receive a notice to quit. That correspondence included detail of the cost-rental tenant in situoption and information about something I have not yet mentioned, that is, the first home scheme. We have concluded a number of sales under that scheme in situations where tenants had the opportunity to get a mortgage and were short of the cost price of the house but wanted to buy the property they were in.
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