Moratorium for local authority loans & Rebuilding Ireland Home loans needed – O’Brien

Published on: 09 April 2020

Fianna Fáil Spokesperson on Housing, Planning and Local Government, Darragh O’Brien has called on the Department of Housing to immediately introduce a moratorium for local authority loans and Rebuilding Ireland home loans.

Deputy O’Brien said: “I have been working hard to help secure a moratorium on local authority loans and Rebuilding Ireland Home loans and I am pleased that following conversations with the Department, a scheme will be announced in the coming days.

“Many people are struggling as a result of the COVID-19 pandemic, and I have been contacted by several people worried about loan repayments on local authority loans and the Rebuilding Ireland home loans. I want to reassure people that we are working very hard and finding resolutions to these on-going worries.

“Mortgage Breaks due to COVID19 have been agreed by other financial institutions so it is important that people who have local authority loans are also protected at the unsettling period for us all,” concluded Deputy O’Brien.