Noel Coonan (Tipperary North, Fine Gael)
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188. To ask the Minister for Environment, Community and Local Government when the review of the shared ownership scheme with local authorities will be finalised; the proposals that are being considered relating to the equity section of this scheme; and if he will make a statement on the matter. [22533/15]

Alan Kelly (Tipperary North, Labour)
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My Department, with the assistance of the Housing Agency, the Housing Finance Agency and the Local Authority Housing Loans Management Group, is currently reviewing the operation of the Shared Ownership Scheme for existing borrowers. The objective is to seek to address, where appropriate, any difficulties arising for some shared ownership borrowers. I expect the review will be finalised shortly. The issues arising require careful consideration and expert financial analysis.

The Department’s latest guidelines for local authorities in dealing with mortgage arrears within the local authority sector Dealing with Mortgage Arrears – A Guide for Local Authorities (June 2014) is available on my Department’s website at: