He said: "Yet in the midst of this national crisis the government has not only failed to make progress towards a sustainable solution they have now hit struggling homeowners with the abolition of the mortgage interest supplement. For many indebted households this will be the last straw."
Around 13,000 homeowners around the country are in receipt of the Mortgage Interest Supplement.
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Reviewing the payment Senator Darragh O'Brien said: "Mortgage interest supplement works well as a preventative measure to stop people falling in to arrears on their mortgage payments. It is focused on low income families, helps to keep people in their homes and the average payment is less than that for rent supplement. This decision lets down those families working to keep their homes very badly."
Commenting on the government's policy over the past number of years Senator O'Brien said: "The government has have been steadily eroding access to the payment since it came into power. The numbers in receipt have fallen by 42% since 2011 despite the number of people in mortgage arrears greater than 90 days nearly doubling over the same period. Now they have gone the whole way and abolished the payment altogether despite having not set up a sustainable resolution process for homeowners in difficulties."
(CD/JP)
