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Dáil Éireann díospóireacht -
Thursday, 18 Nov 1993

Vol. 435 No. 11

Written Answers. - Shared Ownership Scheme.

Dermot Ahern

Ceist:

65 Mr. D. Ahern asked the Minister for the Environment the efforts that have been made by his Department to get building societies, banks and other lending institutions to become involved in the shared ownership scheme, whereby the said lending institutions will provide mortgages to potential participants who wish to avail of the grant of such a lease; if he will give details of any agreements in this regard; and if he will make a statement on the matter.

My Department has had discussions with the mortgage lending institutions with a view to their involvement in the funding of the shared ownership system. These approaches have not yet reached a conclusion and are continuing. In the meantime, ample funds are readily available to local authorities through the Public Capital Programme to enable them to finance shared ownership transactions.

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