Tuesday, 21 September 2021
Ceisteanna Eile - Other Questions
I come to this from a different perspective.
I have had the opportunity to read the review of the help-to-buy scheme. I note from the review that the scheme has cost more than four times what was anticipated. This year alone, it will cost €177 million. It was introduced as a temporary scheme. It was announced in 2016, it came into operation in 2017 and as the Minister said, was enhanced later. It was always envisaged to be temporary.
When I look at the review of the help-to-buy scheme - the Minister talks about the options - there were five options mentioned in it. One of them, that would apply to derelict property, was not given much priority, which I am pleased to agree with. The group talked about ending the scheme this year, keeping it for another two years, keeping it the way it was before the Minister enhanced it or else tapering it out. The Minister also points out that there has been no formal review in over three years. The Minister might comment on some of that.