Dáil debates

Thursday, 27 May 2010

 

Social and Affordable Housing

4:00 pm

Photo of Terence FlanaganTerence Flanagan (Dublin North East, Fine Gael)

I thank the Minister of State. Has the Minister of State and his Department decided to continue with this product which is a failed product? Any commercial institution would have closed it down immediately after a couple of months, if not within six months. The public is voting with its feet on this issue. They are staying away from it as they are fearful of a repeat of the sub-prime lending issue. I ask the Minister of State to explain the €500 million fund which was earmarked for this product. What is happening that money? Would it not be put to better use in other areas?

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