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Ó Caoláin - IMF confirms Government's totally market driven approach to housing

7 August, 2003

Sinn Féin Finance spokesperson Caoimhghín Ó Caoláin TD has said the International Monetary Fund report confirms the folly of the Government's housing policy. Deputy Ó Caoláin said:

"The IMF Report is solely concerned with housing as a commodity in the market and not as a social necessity. That is exactly how the Fianna Fáil/PD government has treated housing in the past six years. Their approach to the housing crisis is totally market driven. They have starved local authorities of the resources in land and finances that they need to provide homes for the 50,000 households on the waiting lists. We have a Minister of State for Housing, Noel Ahern, who denies the reality of homelessness and turns a blind eye to the homeless on our streets.

"Finance Minister Charlie McCreevy has welcomed the IMF Report. Instead he and his colleagues should face the reality that it is they who have driven up house prices far beyond the means of most working people. Sinn Féin will be campaigning in the months ahead for a radical change in Government housing policy, to one based on the accommodation needs of people and not on the interests of speculators and landlords."ENDS

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