Tuesday, 2 July 2013

Questions (521)

Martin Heydon

Question:

521. Deputy Martin Heydon asked the Minister for the Environment, Community and Local Government if he will provide a further update on the review of the shared ownership scheme operated by local authorities; in particular the annual increases of 4.5% on the rental portion, which is causing considerable financial stress to owners who are trying to manage repayments; and if he will make a statement on the matter. [31805/13]

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Written answers (Question to Environment)

The Government’s 2011 housing policy statement announced the standing down of all affordable housing schemes, including the shared ownership scheme, in the context of a full review of Part V of the Planning and Development Act 2000.

The review of the shared ownership scheme is nearing completion and I expect to publish the review report and recommendations in the coming weeks. In advance of this, I have asked local authorities to refrain from applying the rental portion indexation due on 1 July pending publication of the review report and recommendations.