Speaking at the conclusion of Mondays Assembly debate Sinn Féin DSD spokesperson and North Belfast MLA Carál Ní Chuilín welcomed cross party support for home owners in urban areas of regeneration who find themselves in negative equity when their homes are vested.
“In areas such as the New Lodge and Parkside and the Village regeneration schemes are much needed and very welcome,” said Ní Chuilín.
“However, home owners are being offered as little as half of what they paid for their properties during the vesting process.
“Thus families are left paying a huge mortgage and in a massive financial crisis. Today’s motion was about ensuring citizens rights are protected; both the motion and the subsequent amendment were carried during today’s debate and I welcome the support of the other parties.
“Our Assembly and Executive must work to ensure that people living in areas of redevelopment are not victimised as a result of the economic crisis; while we welcome and actively encourage the redevelopment and improvement of urban, often working class communities, homeowners must be protected against falling into negative equity.
“It is worth remembering that it is not these families who are responsible for creating the current economic problems. Homeowners would appear to be unduly disadvantaged as a result of vesting and the Executive through DSD need to look innovatively and sympathetically at these peoples current situation.”
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment