The Clare Champion Clare news, sport, entertainment and local notes
CLARE County Councillor Sean McLoughlin has called for a review of Government and banking policy to help the thousands of Clare people who find themselves in a “property ladder black hole”. The Shannon-based Councillor said people on lower incomes are being left behind and unable to own, purchase or build homes due to restrictive social housing list and mortgage qualification criteria. “In a State that boasts a constitutional entitlement for every person to own a home, it is clear that not all of our citizens are being catered for. Many cannot get on the council housing list, cannot secure a mortgage or do not qualify for rent supplement,” he stated. Councillor McLoughlin explained the “property ladder black hole” related to individuals on an income of €35,000. He continued, “The simple matter is that any person earning €35,000 or under cannot obtain a mortgage yet many are paying a monthly rent equivalent to a monthly mortgage payment. Similarly, persons earning €35,000 …
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