Housing clawback move designed to help developers

ACCORDING to your report (June 2), the Government is considering scrapping the clawback clause which requires someone who has bought a house under the affordable housing scheme to give a percentage of any profit back to the council if the house is sold within 20 years of purchase.

Scrapping this clawback is a bad idea and a misuse of taxpayers’ money.

In my opinion, the primary objective of the affordable scheme (paid for by the taxpayer) was not so much to provide homes for those who needed them, but rather to support the so-called housing market, the developers and bankers who gained from it.

You have reached your article limit. Already a subscriber? Sign in

Unlimited access starts here.

Try from only €0.25 a day.

Cancel anytime

More in this section

Revoiced

Newsletter

Had a busy week? Sign up for some of the best reads from the week gone by. Selected just for you.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited