Michael McGrath (Cork South Central, Fianna Fail)
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593. To ask the Minister for Environment, Community and Local Government the status of a mortgage-to-rent case for persons (details supplied) in County Cork, including the next steps in the process and the date of completion; and if he will make a statement on the matter. [45438/15]

Alan Kelly (Tipperary North, Labour)
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Under the Approved Housing Body (AHB) Mortgage to Rent scheme properties are offered to AHBs, which have expressed an interest in the scheme, by the Housing Agency. Financial details of the case are provided to enable the organisation make an informed choice as to the feasibility of the transaction. If an AHB cannot progress the case the Housing Agency is informed to enable it to seek an alternative AHB.

In respect of the case referred to in the Question, the property was assigned to an AHB for purchase. However, that AHB subsequently determined that the purchase was not financially viable. The case was then returned to the Housing Agency for consideration by other AHBs.

The Housing Agency has since worked over several months to identify an alternative AHB. However, no AHB has declared an interest in the case and the lender has been advised accordingly. In these circumstances, the Mortgage to Rent application is terminated.