Terence Flanagan (Dublin North East, Fine Gael)

As the Minister of State will acknowledge, the numbers involved are extremely low. A total of 1,400 prospective purchasers have formally registered an interest, of whom only 3%, or 44, have made applications and only two loans have been drawn down thus far. As the numbers are not stacking up, customers are not voting with their feet and homeowners are not satisfied with the loan scheme, will the Minister of State consider winding it down? It is almost one year old. The Minister of State should consider other initiatives such as the incremental purchase scheme, as well as revising the shared ownership scheme.

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