Fintan Warfield (Sinn Fein) | Oireachtas source

I move amendment No. 14:

In page 32, line 12, to delete “40 years” and substitute “50 years”.

I welcome the improvement on the repayment period of 30 years following the passing of amendment on Committee Stage, but I believe 50 years is better than what is currently in the Bill and what was previously in the Bill, going on a model. Going by the Vienna model, the longer the repayment period, the more chance we have of setting lower rents for the outset.My belief is 50 years is a better option and we should substitute 40 years in exchange for 50 years.