Seanad debates
Wednesday, 20 November 2002
Housing Grants: Motion.
Having listened to Opposition speakers, I fail to get their drift. Some criticised Government support for the investor who provides much needed and valued rental accommodation. Senators Bannon and O'Meara spoke about the recent circular issued by the Department of Social and Family Affairs and stated the Minister was trying to cap rent allowances. If the Minister was to announce an increase in rent allowances, the same individuals would say the Government was giving more money to its friends, the investors. The Government recognises that rents have stabilised or dropped in some instances as a result of the reintroduction of the investor to the market. The Minister is putting a cap on rent allowances which is right and proper. It is not the job of the Department of Social and Family Affairs to make or determine the market. It is reacting to the fact that rents have stabilised and dropped in some cases.
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