Joan Collins (Dublin South Central, United Left)
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584. To ask the Minister for Environment, Community and Local Government his commitment to raise the cap from €220,000 for the mortgage to rent scheme, and if this commitment will come into force in the lifetime of this Government; and if he will make a statement on the matter. [42823/15]

Alan Kelly (Tipperary North, Labour)
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The Approved Housing Body (AHB) Mortgage to Rent Scheme was launched nationally in June 2012. It is now properly established as part of the overall suite of social housing options and an important part of the arrears resolution process.

The package of commitments on mortgage arrears announced by Government in May 2015 included a number of amendments to the Mortgage to Rent Scheme which will enable more properties to qualify for the Scheme, and make it more flexible and accessible to borrowers. The principal amendment to the Scheme, which took effect from 1 July, is to increase the valuation thresholds applicable.

The revised property value thresholds are detailed in the following tables.

The location of the Higher and Normal Threshold Areas are specified in the following tables: