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National Housing Co-op Bill has potential to resolve mortgage crisis

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A Tipperary TD claims a new National Housing Co-op Bill has the potential to radically resolve the mortgage crisis.

Deputy Mattie McGrath is seeking cross party support for the private members bill aimed at establishing an off-balance sheet co-operative aimed at keeping families who are in mortgage distress in their homes.

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The proposal is being brought to the Dail by the Tipp Independent TD and Fianna Fail’s John McGuinness.

The bill has the backing of Fr Peter McVerry, the Rights2Homes group and the Master of the High Court.

Deputy McGrath says it would bring peace of mind to those struggling with their mortgage.

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