Ciarán Lynch (Cork South Central, Labour)
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Question 388: To ask the Minister for the Environment, Heritage and Local Government if it is his intention that under the new scheme local authorities should have the option, at the end of a lease, to become the owners of the new properties which they will lease from developers; his views on whether such an option would be essential to achieve value for money; is it his intention that banks will be approached to provide lease options for repossessed properties; and if he will make a statement on the matter. [9735/09]

Michael Finneran (Roscommon-South Leitrim, Fianna Fail)
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The intention of the new leasing initiative is to widen the range of supply options available to authorities to meet housing need and to maximise the level of social housing that can be delivered from within available public resources. While, currently, the lease arrangements envisage that the properties would be returned to the owners at the end of the lease period, the introduction of further options, including providing for the possibility of purchase during, or at the end of, the lease period, will be kept under review. My Department has no plans to introduce a leasing option specifically in respect of repossessed properties.