Sinn Féin motion to call for protection of homeowners
A Sinn Féin motion calling on the Minister for Social Development to ensure that homeowners living in areas due to be developed by the DSD are protected against negative equity and increased debt following the vesting of land, will be debated in the Assembly tomorrow.
Speaking ahead of the debate Sinn Féin Housing spokesperson and DSD Committee Member Fra McCann MLA said;
“This is an important issue and one of concern for many people given the current decline in the economy of the north; the potential for negative equity to affect homeowners will become an increasingly prevalent threat given the fact that the DSD are one of the few organisations in a position to develop on a large scale across the Six Counties.
Tomorrow’s debate will focus on ensuring that the rights of citizens are protected, that those who have had no part in creating our economic difficulties do not find themselves paying as a result of the present situation.
I hope that the Minister will listen to our arguments and more importantly that the other parties in the Assembly will join with us to agree the motion and ensure that the Assembly and Executive do everything in their power to protect homeowners from this potential threat.” CRÍOCH
NOTE TO EDITORS: The text of the motion is as follows;
Rún/Motion - Protecting Homeowners Following the Vesting of Land
That this Assembly calls on the Minister for Social Development and the Minister of Finance and Personnel to bring forward, within the lifetime of the current Assembly, proposals to ensure that homeowners living in areas that are due to be re-developed by the Department for Social Development will be protected from negative equity and increased debt following the vesting of land.
Ms C Ní Chuilín Mr F McCann Mr M Brady Mr A Maskey