Home building finance Ireland Bill
Deputy O'Brien criticised delays in publishing the €750 million home building finance Ireland Bill and said no affordable homes had been delivered. The Minister said Cabinet had approved it and it would be published shortly and debated in due course.
We have 15 minutes for this item of business and 20 Deputies are indicating, so I will allow just one minute per Deputy.
Comment on this
Maith go leor. I wish to ask the Minister about the home building finance Ireland Bill. The Bill has been announced, re-announced, recycled and regurgitated as far back as last October's budget, when the Government announced €750 million. This was a fund to assist building homes. Eight months later the Bill has not been published, yet apparently housing, in respect of which the Government is failing abjectly, is meant to be the Government's number one priority. The moneys have not been utilised, not one affordable house has yet been built, and no affordable house scheme has yet been launched.
I have asked the Minister, Deputy Eoghan Murphy, repeatedly and he says he will do it. He seems to say he will do a lot but never gets around to it. What is the cause of the delay with this Bill? When can we expect it to be published and what timeframe has been given for the Bill to go through the House?
Comment on this
I am glad to tell the Deputy that this Bill was approved by the Government this week. I am optimistic that it will be published very shortly. It makes provision for €750 million to be extended. From memory, it is hoped that the provision will allow thousands of homes to be built. It is a finance scheme so it supports access to finance to developers who have had difficulty getting access to finance. It is not by any means a free grant but will be charged at a commercial rate. It will come before the House when there will be opportunity to debate the Bill. The Business Committee will decide how quickly it can be moved through.