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Housing Schemes

Dáil Éireann Debate, Tuesday - 14 December 2021

Tuesday, 14 December 2021

Questions (328)

Eoin Ó Broin


328. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the number of new mortgage to rent tenancies funded by his Department from the start of 2021 to date. [61898/21]

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Written answers (Question to Housing)

The Mortgage to Rent (MTR) scheme introduced in 2012 is targeted at supporting households in mortgage arrears who have had their mortgage position deemed unsustainable by their lender under the Mortgage Arrears Resolution Process (MARP); agree to the voluntary surrender of their home and are deemed eligible for social housing support. The property in question must also meet certain eligibility criteria. The concept of the scheme is that a household with an unsustainable mortgage goes from being a homeowner to being a social housing tenant. The borrower surrenders their property to their lender who sells it to a MTR provider which can be either an Approved Housing Body (AHB) or since 2018 a private company, Home for Life Ltd. The AHB or local authority (in the case where the property is sold to a private company) becomes the landlord and the borrower remains in the property as a tenant paying a differential rent to the landlord based on his or her income.

From the start of 2021 to the end of September 2021, 493 households, with unsustainable private mortgages have completed the MTR scheme. Since its introduction nationally in 2013, a total of 1497 cases have been completed up to the end of September 2021. As of that date, 850 active cases were also being progressed under the scheme. The Housing Agency publishes, on a quarterly basis, detailed statistical information on the operation of the MTR scheme which shows a breakdown of the number of active, completed, ineligible and terminated cases. This information is available on the Housing Agency's website at the following link: