Dáil debates

Tuesday, 6 February 2018

4:05 pm

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

I beg the Deputy's pardon. We have put out an expression of interest for a new mortgage-to-rent scheme, as referenced by the Deputy, and are currently working on it. Under the previous mortgage-to-rent scheme, we moved to a position with one of the approved housing bodies whereby it would take bundles of loans from the banks and debt would be written off. Under the expression of interest for the new scheme, we will have far more take-up than previously was the case. A review was carried out to identify problems with the former scheme although it is working effectively with one housing body that launched its proposals in the past year. Improvements can be made and that now is being done with the new scheme. The responses to expressions of interest should be back to me within a couple of weeks.

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