Dessie Ellis (Dublin North West, Sinn Fein) | Oireachtas source

Many people in local authority housing purchased their homes by means of this scheme. Everyone is concerned with regard to the stock of social and other housing stock. In the context of the incremental purchase scheme - the Minister of State referred to new houses in this regard - what is it proposed to do about people who have longer-running tenancies in older homes? The incremental purchase scheme documentation makes specific reference to new houses. Are we going to continue along similar lines to the old tenant purchase scheme? In the context of how the value of houses will be calculated under the incremental purchase scheme, it has been stated that the cost of building and the land will only be taken into account. I am not sure how this will work. The value of many houses has dropped considerably in recent times. A few years ago one would have paid €200,000 to €300,000 for houses in local authority schemes that would now be valued at under €100,000. Will the Minister of State elaborate further on what is going to happen?

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