Dáil Éireann Debate, Tuesday - 15 July 2014
493. Deputy Michael McGrath asked the Minister for the Environment, Community and Local Government the number of shared ownership arrangements which are currently in place with local authorities; the total value of loans outstanding for this category of home ownership; and if he will make a statement on the matter. [31311/14]
Amharc ar fhreagra494. Deputy Michael McGrath asked the Minister for the Environment, Community and Local Government the number of shared ownership arrangements with local authorities which are in arrears; if a process is in place for dealing with such arrears cases; and if he will make a statement on the matter. [31312/14]
Amharc ar fhreagraI propose to take Questions Nos. 493 and 494 together.
My Department publishes a wide range of housing statistics, including the number and value of local authority mortgages with a breakdown of those in arrears. However, there is no breakdown of Shared Ownership Mortgages available. The statistics are available on my Department’s website at:http://www.environ.ie/en/Publications/StatisticsandRegularPublications/HousingStatistics/FileDownLoad,15295,en.xls by clicking "Mortgage Data/Arrears in Local Authorities" under the Housing Loans contents.
The Mortgage Arrears Resolution Process, already in place in respect of commercial mortgages, is now being implemented across all local authorities. In cases of acute mortgage distress, homeowners also have the option of seeking to avail of the legal process now also in place to deal with personal insolvency.
My Department's guidelines to local authorities for dealing with mortgage arrears within the local authority sector, Dealing with Mortgage Arrears – A Guide for Local Authorities, is available on my Department’s website at: http://www.environ.ie/en/Publications/DevelopmentandHousing/Housing/FileDownLoad,30943,en.pdf.
