Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

These schemes are working. We did launch Shanganagh Castle with enthusiasm because it is a wonderful development. I will invite the Deputy to visit Shanganagh Castle to see it because they are real homes, not an illusion of homes, for real people. I confidently predict every one of them will be sold.

Households pay what they can afford, although the value of the home may be much higher. There is no arbitrary salary cap related to eligibility, unlike in Sinn Féin's scheme, where the limit is €90,000 for a couple. No one gets any support from the Sinn Féin plan. Aspiring purchasers from higher house value areas are supported in the same way as lower income aspiring purchasers in lower house value areas. Householders can sell their homes on the open market if they wish to move or their circumstances change and householders can, unlike in Sinn Féin's scheme, keep any capital value increase on their share of the property. Additional new supply is stimulated and new households are supported into the future as the revolving fund of capital receipts is redeployed to make more new affordable housing available.

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