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Friday, 15th March 2019

Council told to stop issuing “Rebuilding Ireland” home loans

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Deputy Imelda Munster - looking for astraight answer from Simon Coveney.

Munster accuses Tanaiste of “ducking and diving”

Drogheda Sinn Féin TD Imelda Munster has asked Tánaiste Simon Coveney in the Dáil why Louth County Council has been instructed to cease issuing loans under the Rebuilding Ireland Home Loan scheme.

She pointed out that Rebuilding Ireland Home Loan scheme, which assists middle to low income families who are first time buyers and have been refused mortgages by banks was very popular.

Deputy Munster questioned Tánaiste Simon Coveney on why the government has instructed the council to cease issuing loans, given the ongoing housing emergency, and the fact that this is one of the very few schemes aimed at assisting people in lower wage brackets to buy their own homes.

Deputy Munster said: “Louth County Council confirmed that they have received instructions to cease issuing loans under the Rebuilding Ireland Home Loan scheme.

“These are the very same loans that Minister for Housing Eoghan Murphy said would assist middle to low income families and first time buyers who have been turned down by banks.

“Over half of the €200million fund has already been drawn down, just one year into the three year scheme, which is an indication of the dire need for this fund.

“Minister Coveney dodged the question, refusing to give me a straight answer” Munster said.

“Is he suggesting that Louth County Council is making this up? The fact is that it’s true. They have been told to cease issuing loans at a time when for many low to middle income first time buyers this is their only option for buying a home. The government needs to explain this.

“There’s been enough ducking and diving by the Minister for Housing and his colleagues.

“It’s time we got a straight answer on this.”

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