Dáil Éireann Debate, Tuesday - 20 October 2015
680. Deputy Michael McGrath asked the Minister for the Environment, Community and Local Government the position regarding an application for mortgage-to-rent for a person (details supplied) in Cork City; and if he will make a statement on the matter. [36031/15]
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, an AHB has been identified and was offered the property on September 14th. The next stage is for the AHB to carry out a survey of the property. The Housing Agency will allow six weeks for the AHB to complete this exercise.
Once the survey is finalised the Housing Agency will consider what, if any, repair and upgrading work is required. A financial analysis will then be undertaken which will include consideration of the level of support required under the Capital Advance Leasing Facility (CALF). I would then expect the Housing Agency to forward the case to my Department for final approval.
