Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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My question here is that affordable housing had reached €250,000 - I think it was even more expensive in Dublin but - in urban areas in the city, affordable housing was set up ... was constructed to put in place a tenant purchase programme for people on social housing lists. You had to be within a certain income group to qualify for it, if ... a nurse and a guard couldn't get onto the affordable housing scheme because of their incomes. And we were ... for people on low incomes, the scheme was actually operating on €250,000 a year. Was that not considered to be ... that there's something wrong here?