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Saincheisteanna Tráthúla - Topical Issue Debate: Home Loan Scheme (9 Jul 2019)

Michael D'Arcy: The Rebuilding Ireland home loan scheme launched on 1 February 2018. Prior to its launch, an initial tranche of €200 million of long-term fixed rate finance was borrowed by the HFA to provide funds for the scheme for local authorities. The Rebuilding Ireland home loan scheme is a remodel of two previous schemes provided by local authorities, namely, the house purchase loan and home...

National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018: Second Stage (Resumed) (30 Jan 2019)

Michael D'Arcy: ...from Apple amounts to approximately €14 billion, including interest. That is to be decided by the European Court of Justice at some stage in the future. I live on a farm, down a lane in rural Ireland. I do not have the rural broadband connection I would like, like approximately 320,000 other people. I continually hear about rural Ireland being impacted by Government and...

Home Building Finance Ireland Bill 2018: Report Stage (Resumed) and Final Stage (7 Nov 2018)

Michael D'Arcy: ...confusion around the effect of this amendment when it was last debated in the Chamber on 2 October. This confusion arose when it was suggested that amendments tabled on Report Stage would allow Home Building Finance Ireland, HBFI, to lend to builders and developers at lower interest rates and longer maturities to fund social, cost rental and affordable homes. I must clarify to the...

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: ...challenge of our generation. I fully agree. While we continue to work to achieve an agreement that minimises the impact of Brexit, we are preparing for all eventualities. This budget will help to ensure that Ireland is in the best possible position to respond to the challenges that Brexit will bring. It does so by eliminating the headline deficit; achieving the medium-term budgetary...

Home Building Finance Ireland Bill 2018: Second Stage (5 Jul 2018)

Michael D'Arcy: I move: "That the Bill be now read a Second Time." I am pleased to present to the House the Home Building Finance Ireland Bill 2018. It is a significant Bill which provides for the establishment of Home Building Finance Ireland, HBFI, which will give a much needed boost to the availability of finance for residential development in the State. HBFI is being proposed in the context of a...

Seanad: Budget 2018: Statements (10 Oct 2017)

Michael D'Arcy: ...is expected to average at 5.7% next year, which is a significant improvement since a peak of more than 15% in early 2012. At these unemployment levels we are close to what is considered full employment in Ireland. The budget delivers the Government's long-standing target of balancing the books in structural terms next year by reaching the medium-term budgetary objective, better known as...

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