Pádraic McCormack (Galway West, Fine Gael)

Part 3 deals with tenant purchase schemes. The delay in bringing forward this Bill has probably cost local authorities a considerable amount of money, possibly millions of euro in some cases. It is great for the applicant that the Bill is coming through at this stage because the tenant purchase scheme is based on the market value of a house when it is purchased. The market value of the house is therefore much less than it was when we first asked for the Bill. Perhaps that will be to the benefit of tenants.

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