City Council votes unanimously for motion urging immediate Government action on vulture funds

Padraig Conlon 11 May 2021

Dublin City Council has voted unanimously in support of a Sinn Féin motion calling for immediate Government action to tackle vulture funds. 

Speaking following the vote, local Sinn Féin Councillor Daithí Doolan also blasted the ‘crocodile tears shed by this government.’

“Tonight’s vote was hugely important,” he said.

“Sinn Féin’s motion demanding immediate Government action on vulture funds has received unanimous support.

“The largest local authority is speaking with one voice on vulture funds.

“Vulture funds are preying on the Irish housing market. It should not be allowed, but it is nothing new. Recent crocodile tears shed by this Government have no credibility.”

“Investment funds have been allowed to buy up 13,026 residential properties in Dublin between 2016 and 2020.

“This is as a direct result of consecutive Governments’ housing policy and is having a very negative and immediate impact on Dublin’s housing crisis.

“These funds force up the cost of family homes and condemn people to be locked in to the precarious private rented sector or to languish on the City Council’s housing lists.

“Dublin City Council demands that this Government takes immediate action to tackle vulture funds. We also propose solutions to this crisis. We have land and plans to deliver hundreds of social and real affordable to buy or rent homes.

“What is scandalously lacking is Government cooperation and action on plans for Oscar Traynor Road and St. Míchael’s, Inchicore.”

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