188. Deputy John McGuinness asked the Minister for Finance if he will establish a benevolent friendly fund supported by Government bonds or funding to allow the banks to transfer all distressed loans to the fund, in order that individual work outs can be achieved over a longer period of time based on affordability or whereby tenancy agreements can be put in place with the goal being that families would not be evicted or lose their houses; if the same discounts provided to vulture funds will be provided to this friendly vulture fund by the State owned banks; if he will ensure that family homes will not be part of the sale of debt to vulture funds; and if he will make a statement on the matter. [9839/17]

Summary

188. Deputy John McGuinness asked the Minister for Finance if he will establish a benevolent friendly fund supported by Government bonds or funding to allow the banks to transfer all distressed loans to the fund, in order that individual work outs can be achieved over a longer period of time based on affordability or whereby tenancy agreements can be put in place with the goal being that families would not be evicted or lose their houses; if the same discounts provided to vulture funds will be provided to this friendly vulture fund by the State owned banks; if he will ensure that family homes will not be part of the sale of debt to vulture funds; and if he will make a statement on the matter. [9839/17]

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• Housing Loans

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