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Local Authority Housing

Dáil Éireann Debate, Tuesday - 6 March 2012

Tuesday, 6 March 2012

Ceisteanna (318)

Dessie Ellis

Ceist:

373 Deputy Dessie Ellis asked the Minister for the Environment, Community and Local Government if his attention has been drawn to the fact that Dublin City Council local authority mortgage holders have received only a single 0.25% cut to their interest rate since the rates were last increased in August 2011, despite the fact that the ECB rate was cut by 0.25% in November and again in December 2011 and that in his replies to Parliamentary Questions Nos. 139 of 9 November 2011 and 221 of 15 December 2011, he stated that both cuts would be passed on to local authority mortgage holders; the steps he will take to immediately ensure the second 0.25% cut is passed on and that future cuts are passed on without delay; and if he will make a statement on the matter. [12827/12]

Amharc ar fhreagra

Freagraí scríofa

My Department understands that Dublin City Council will be implementing an interest rate cut of 0.25% from 1 February 2012 for all variable loans; a further rate cut of 0.25% is scheduled to be implemented on 1 April 2012.

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