Wednesday 26 April 2017

No help for Tyrellstown families from Leinster House as vultures circle

Two young mothers who have received notices to quit take their babies for a stroll at the Cruise Park housing estate in Tyrellstown in West Dublin. Photo: RollingNews
Two young mothers who have received notices to quit take their babies for a stroll at the Cruise Park housing estate in Tyrellstown in West Dublin. Photo: RollingNews
Colette Browne

Colette Browne

The prospect of hundreds of evictions from one estate in Tyrellstown is a manifestation of the country's housing crisis writ large - and a portent of things to come given the huge influence vulture funds now wield in the Irish property market.

Transport Minister Paschal Donohoe described eviction notices being sent to scores of families in Cruise Park, after Goldman Sachs-owned vulture fund Beltany Property Finance acquired the development loan for the estate, as "unfair". Separately, a spokesman for Environment Minister Alan Kelly said it was "quite harsh to chuck this amount of people out at one time".

One can only imagine the chastened executives in Goldman Sachs bowing their heads in shame at such excoriating criticism from representatives of our caretaker Government.

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