Ciarán Lynch (Cork South Central, Labour)
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Question 71: To ask the Minister for the Environment, Heritage and Local Government the position regarding the agreement between his Department and the Construction Industry Federation which would eliminate the practice of stage payments in house purchase contracts in regard to housing estates and which was addressed in Delivering Homes, Sustaining Communities; and if he will make a statement on the matter. [35171/08]

Michael Finneran (Roscommon-South Leitrim, Fianna Fail)
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Shortly after the publication of my Department's housing policy statement, "Delivering Homes, Sustaining Communities", an agreement was reached between my Department and the Irish Home Builders Association whereby the practice of stage payments that operated in a limited number of areas of the country would not apply after 30 June 2007.

This agreement was given effect by way of a new code of practice, operated by the Irish Home Builders Association, under the auspices of the Construction Industry Federation. While the code of practice is a voluntary one, it applies to approximately 80% of home builders.