Dáil Éireann Debate, Tuesday - 22 September 2015
1417. Deputy Michael McGrath asked the Minister for the Environment, Community and Local Government the position regarding a mortgage to rent case for persons (details supplied) in County Cork; the next steps in the process; the estimated timeframe for its completion; and if he will make a statement on the matter. [31059/15]
View answerUnder 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, it would appear that the AHB has had difficulty raising the remaining finance required to complete the transaction. In such a circumstance, the organisation is expected to either resolve the issue or return the case to the Housing Agency for consideration by other AHBs as quickly as possible.
The Housing Agency is now working to identify another AHB to conclude this case and will offer it to the panel of AHBs by the end of this month. Once an AHB is identified, the case should be progressed as quickly as possible to ensure that there is the least amount of uncertainty for the household involved.
