Seanad debates

Wednesday, 28 June 2017

National Housing Co-operative Bill 2017: Second Stage

 

10:30 am

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

The position in which we find ourselves is of great difficulty for some people. I want to put the figures on the record now. There are 121,000 private dwelling homes in the State that are now in arrears, and 87% of those loans have been restructured. Some 15,700 homes are under pressure. I do not know whether Senator Conway-Walsh made her statement with or without the required knowledge, but her statement was incorrect. She said €7 billion was paid to service the national debt for the banks. That is completely incorrect.

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