Brendan Ryan (Dublin North, Labour)
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1400. To ask the Minister for Environment, Community and Local Government in relation to the implementation oversight group, set up under the aegis of his Department to oversee the overall implementation of the October 2013 Priory Hall resolution framework, if he will provide an update on the work of this oversight group; if the group has been in contact with property owners; and if he will make a statement on the matter. [30629/15]

Paudie Coffey (Waterford, Fine Gael)
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An Implementation Oversight Group, chaired by Dr Martin McAleese, was established with representatives of the Priory Hall residents (both owner occupiers and buy-to-let owners), the Irish Banking Federation, Dublin City Council (DCC), my Department and the Department of the Taoiseach. The Group has met regularly and substantial progress has been made.

Detailed legal documents have been agreed and the ownership of the majority of owner occupier homes in Priory Hall has formally transferred to DCC, with the remaining transfers in train.

Many owner occupiers have received mortgage approval from their banks or have drawn down mortgages to purchase homes. In addition, DCC has arranged housing solutions on a case-by-case basis for the majority of owner occupiers seeking State-assisted housing.

The credit ratings of Priory Hall residents have been restored to their pre-evacuation levels and a moratorium has been put in place on the mortgages of buy-to-let owners until the refurbishment process is complete.

The refurbishment of the complex, involving complete renovation to make the apartments suitable for sale, is well underway with the first phases due to be ready for occupancy in early 2016.