Dáil debates

Tuesday, 25 November 2025

Ceisteanna Eile - Other Questions

Vacant Properties

11:20 am

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú)

I accept the question I am asking the Minister is tangential to the one on the questions paper. I urge him to go off script for the next couple of minutes to address it. We have a situation where houses that were built are vacant. At the heart of this particular problem is that there are two separate companies with the same owners and directors. One company has bought the debt of another company, giving it secured creditor status. This means many other creditors will receive nothing, including these families, and the houses will remain vacant for now. The families are waiting to move into their homes, which are vacant. There is nothing they can do to get what they are entitled to. There is no mechanism on the part of the Government to get them into their homes. It frustrates me because Home Building Finance Ireland, HBFI, had the initial loan that was given to the builder. It allowed that loan to be bought out, which enabled the particular builder to become a secured creditor and be in charge of the liquidation process. These families are now left with nothing. Will the Minister address this matter?

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