We use Google Analytics to see which pages are read and how the site is used, so we know what to improve. This only runs if you accept. See our privacy notice for details.

Back to bills
Lapsed Dáil
No. 77 of 2018

Affordable Housing and Fair Mortgage Bill 2018

Public bill · Private Member · Introduced

The proposed changes would create a new housing and mortgage system aimed at keeping people in their homes and reducing forced evictions. It would set up a national housing exchange where lenders selling mortgage loans or repossessed homes would have to deal through a central registrar, with approved not-for-profit housing groups getting first refusal to buy. It would also widen “mortgage to rent” options so homeowners in difficulty could hand over ownership and stay as tenants, without needing local authority involvement or public money. In mortgage arrears cases, it would give courts and the Abhaile scheme a bigger role in testing whether eviction is fair and whether a workable repayment or rescue option exists first.

Formal long title

An Act to highlight the State's adherance to EU law and the European Convention on Human Rights in regard to the present emergency in the housing sector and, in particular, in dealing with mortgage arrears; to provide for a platform for an open market - "the national affordable cooperative housing exchange"- in which mortgagees and purchasers of home loans and security housing must deal; to secure for preferred not-for-profit housing providers a purchasers first refusal on such sales via a non-compulsory purchase order call option; to designate the registrar of friendly societies as the exchange point for such sales; to promote not-for-profit third sector non-state provision of affordable housing ranging from mutually funded to internationally funded in the ethical bond market; to allow for the broadening of the mortgage to rent mortgage rescue model to be available without any local authority involvement to voluntary, mutual and not-for-profit housing providers funded privately and without recourse to public funds or state guarantee; and to provide for reconfiguring Abhaile as a mortgage resolution agency

Last updated 13 February 2020

Sponsor
Progress
  • First Stage
    Dáil
Debate
  • Affordable Housing and Fair Mortgage Bill 2018: First Stage
    Dáil
Documents

Comments

Sign in to comment →