Michael McGrath (Cork South Central, Fianna Fail)
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163. To ask the Minister for Environment, Community and Local Government the position regarding an application under the mortgage to rent scheme in respect of a person (details supplied) in Cork city; and if he will make a statement on the matter. [15878/15]

Alan Kelly (Tipperary North, Labour)
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Under the Approved Housing Body (AHB) Mortgage to Rent Scheme (AHB-mortgage-to-rent) an AHB can acquire ownership of a property with an unsustainable private mortgage, enabling the household to remain in their home as a social housing tenant. To be eligible for the Approved Housing Body (AHB) mortgage-to-rent scheme a household must have had their mortgage position deemed unsustainable under the Mortgage Arrears Resolution Process, agree to the voluntary surrender of their home, be in negative equity, and be deemed eligible for social housing in accordance with section 20 of the Housing (Miscellaneous Provisions) Act, 2009.

Under the revised protocol of the AHB-mortgage-to-rent scheme a single independent open market valuation is commissioned by the Housing Agency to determine the value of the property upon which the purchase price is based. Once a case comes within the above criteria and the householder has provided consent to the lender to share information, the Housing Agency seeks an Approved Housing Body to complete the transaction and prepares a submission to my Department for funding approval.

In relation to the specific case raised, my Department has not as yet received a submission for funding approval and I understand that the Housing Agency is awaiting the consent to share information.