Rent-to-Buy Scheme should be rolled out nationally – BREEN

July 29th, 2010 - Pat Breen

Fine Gael’s Deputy Spokesperson on Foreign Affairs and Clare T.D. Pat Breen said today (Wednesday) that the Rent-to-Buy Scheme which has been introduced by Dublin City Council to sell off 91 unsold affordable housing units, should be roll-out nationally.

“The introduction of this Scheme by Dublin City Council will give 91 families the option to 80% of the rent they pay over the next three year towards the purchase price of the property. The property price will be 10% cheaper than the current market price and the rents will be 20% less.”

“Clare County Council has 16 unsold affordable housing units and we have a huge number of families on our Social housing lists, 2464 families at the end of April 2010. Furthermore, since the Rental Accommodation Scheme (RAS) came into operation in September 2005, 535 households in County Clare were transferred from rent supplement by the end of the first quarter of this year. 343 of these households were transferred directly into RAS accommodation and further 192 in to other social housing options.”

“Roll-out his pilot nationwide would help to ensure that these properties can become occupied. At a time when we have such a high demand for social housing, it makes no sense that we continue to have a number of unoccupied properties.”