Government to support Soc Dems legislation to stop state deals with cuckoo funds – TheJournal.ie

Social Democrats Housing spokesperson Cian O’Callaghan Image: Sasko Lazarov Social Democrats Housing spokesperson Cian O’Callaghan Image: Sasko Lazarov

THE GOVERNMENT WILL support legislation being brought forward by the Social Democrats to end the practice of long-term home leasing deals with cuckoo funds, rather than buying social or affordable homes.

The legislation, drafted by Social Democrats Housing spokesperson Cian O’Callaghan, will be debated today in the Dáil, with Taoiseach Micheál Martin saying that the government will not oppose the bill.

It comes after Labour’s Housing spokesperson Rebecca Moynihan said yesterday that if Housing Minister Darragh O’Brien doesn’t reintroduce his 2019 bill to block cuckoo funds, that Labour would reintroduce it word-for-word.

“Last week, the carnage being caused by cuckoo funds was put into stark relief when one fund block-purchased 135 family

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