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Affordable Housing and Fair Mortgage bill to address Ireland's housing crisis

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12.07.2018

The Affordable Housing and Fair Mortgage Bill 2018 deals with evictions, mortgage-to-rent solutions, sales to vulture funds and the reconfiguration of the government’s legal advice service Abhaile as a mortgage resolution agency.

Vulture Funds are lining up to add to the substantial distressed loan portfolios they have already secured from bailed-out Irish Banks, Nama and others.

According to Brian Reilly, a Co-Founder at Right2Homes, and a long-time advocate for legislative change to help provide a platform for ethically-funded alternatives, “An economic and legal travesty is happening right before our very eyes, with bad history repeating itself, only this time around it is happening with the willful neglect of government which is standing idly by with ‘eyes wide shut’ effectively condemning tens of thousands of Irish homeowners to the ruthless clutches of vulture funds and also to a broken system of repossessions.

This is economic madness according to many independent-minded TDs, Senators, Opposition Parties, Academics and Housing Charities alike, all of whom have pledged their support for the ‘Affordable Housing and Fair Mortgage Bill 2018.

The........

© IrishCentral