A large number of families in Tipperary are trapped in a Shared Ownership Scheme according to Deputy Michael Lowry.
The Independent T.D. says the now defunct scheme has left many in a vicious cycle and driven the families into financial hardship.
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He has called for immediate action from the Government to tackle the problem.
The Shared Ownership Scheme was designed to allow people on low income to start buying a percentage of their home from the Local Authority until they eventually became outright owners.
Many opted for a 50:50 option – buying half of the house and renting the other half.
However the with rent on the Council owned portion increasing by 4.5% every year Michael Lowry says something has to be done.
