This evening the Dáil debates at Fianna Fáil motion (7.30pm) on mortgages and housing affordability.

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That Dáil Eireann notes:

  • The significant fall in home ownership rates in Ireland.
  • The legitimate aspiration of families to own their own home.
  • The lack of housing supply is causing distortions in the property market.
  • The dramatic increase in rents and the failure to increase rent supplement supports have put many individuals and families at serious risk of homelessness.
  • That 90,000 persons are currently on the social housing waiting lists around the country.

Agrees that:

  • Action is required to improve housing affordability particularly in respect of mortgage interest rates.
  • The level of savings required should not be prohibitive thereby preventing people from buying their first properties or progressing to a second home.
  • A coordinated initiative by government and local authorities is needed to improve the supply of new housing.
  • The rent supplement scheme be urgently reviewed to take account of current rents in the market place.