First StageStage in the legislative process — click for what it meansLapsedThe bill’s status — click for what it means25th SeanadThe House currently handling the bill84/2017Official bill number / year
National Housing Co-operative Bill 2017
- Sponsor
- Victor Boyhan · Independent
- Introduced
- 22 Jun 2017
- Last updated
- 20 Apr 2020
What this bill doesAI · claude-haiku-4-5-20251001
- Establishes National Housing Co-operative to purchase distressed mortgages from lenders, allowing homeowners to transition from mortgage to 'rent and mortgage' arrangements.
- Finances €5 billion acquisition through 20-year secured property bonds backed by European Investment Fund guarantee; purchase price neutral to selling lenders.
- Provides homeowners with options including extended mortgages, interest-only payments, rent supplements, or local authority management to prevent repossession and homelessness.
Stage timelineWhat do these stages mean?
- First Stage25th Seanad22 Jun 2017
Debates
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