Seanad debates

Friday, 18 June 2021

Affordable Housing Bill 2021: Report and Final Stages

 

9:30 am

Photo of John CumminsJohn Cummins (Fine Gael) | Oireachtas source

I will make one brief point which I mentioned on Committee Stage. What we are doing here is aligning the existing cost rental equity loan term, in terms of the finance and arrangement for the same, which is at 40 years. By moving from 30 years to 40 years, we have aligned the whole process. If we were moving to 50 years in terms of what has been proposed in this amendment, it would be out of kilter with what we have, in terms of the cost rental equity loan. However, it absolutely is the Government's intention, in terms of cost rental, to look at tenancies of indefinite duration. It is the desire of the Government to achieve that.

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