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.

Housing clawback move designed to help developers

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

Continue reading for €5

Unlock unlimited access and exclusive benefits

More in this section

Revoiced

Newsletter

Sign up to the best reads of the week from irishexaminer.com selected just for you.

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

© Examiner Echo Group Limited