Barry Cowen (Laois-Offaly, Fianna Fail) | Oireachtas source

I thank the Minister of State for her response. She stated there would be no effect on local authority finances and I take her at her word in that regard. However, as she stated, €15 million in savings are being made. Will the social housing agencies then come out of this in a worse position? If this is the case, can their tenants expect to see increases in their rents? If the Minister of State claims there are €15 million in savings to be made by virtue of this scheme, it will be at the expense of the social housing agencies that drew down the loans and whose duty it is to repay them. The Minister of State has indicated that €15 million in savings will be made and consequently, I expect it will be at their expense. If this is the case, can their tenants expect ramifications?

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