Seanad debates

Wednesday, 28 June 2017

National Housing Co-operative Bill 2017: Second Stage

 

10:30 am

Photo of Trevor Ó ClochartaighTrevor Ó Clochartaigh (Sinn Fein) | Oireachtas source

Fianna Fáil fuelled the property bubble and it introduced the regulation that was in place at that time. It allowed the 100% and 110% mortgages to be given by the banks. For Fianna Fáil to be crying crocodile tears at this point is not good enough. We know Fianna Fáil cannot be trusted on these issues.

This model, which is a NAMA for the small people, is an important one. Sinn Féin supports the model in principle but we will be bringing forward amendments on Committee Stage. It is about time the Government put its money where its mouth is. It needs to use money more wisely and stop depending on the private market to resolve the crisis it created, to put real money and effort into the build of social and affordable housing and to take account of the measures we have brought forward on rent certainty.

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