Written answers

Tuesday, 22 November 2011

Department of Environment, Community and Local Government

Local Authority Housing

8:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 370: To ask the Minister for the Environment, Community and Local Government if he intends to reform the shared ownership scheme for those who bought affordable housing units under the scheme in the past; specifically, if any intended reform will address the inequity of the scheme whereby the rental equity value of the properties retained by local authorities have not been adjusted to reflect the reduced current market values; and if he will to resolve the position whereby purchasers of affordable units under the scheme cannot remortgage their properties in view of the fact that the local authority retains a first charge on the property. [35919/11]

Photo of Phil HoganPhil Hogan (Carlow-Kilkenny, Fine Gael)
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The Government's housing policy statement announced the standing down of all affordable housing schemes, including the shared ownership scheme, in the context of a full review of Part V of the Planning and Development Act 2000. I expect that this review will include detailed analysis of the rental portion of the shared ownership scheme. Should legislative change be recommended as a result of the review, I will give consideration to appropriate measures in the context of the proposed Residential Tenancies Amendment Bill, drafting of which was approved by Government on 26 July 2011.

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