Dáil Éireann Debate, Tuesday - 27 January 2015
504. Deputy Michael Creed asked the Minister for the Environment, Community and Local Government if he will revise the valuations for the mortgage to rent scheme as with the increase in valuations in the housing market in 2014 in view of the €180,000 threshold being now too low for many mortgage holders particularly in the greater Dublin area; and if he will make a statement on the matter. [3310/15]
Amharc ar fhreagraIn order for a property to be considered under the mortgage to rent scheme it must be purchased by an Approved Housing Body for less than €220,000 (per property) in the Greater Dublin Area and €180,000 (per property) in the rest of the country. These limits were determined by a working group which took account of available market data and the current social housing acquisition limits. These limits are considered to be reasonable in respect of the income bracket that is targeted by the scheme.
