MASS EVICTION ALERT IN DUBLIN 2016

Families in 103 households in a Dublin estate face homelessness after receiving letters ordering them to leave their rented accommodation.

More than 100 families face Eviction.

This comes after debts on their properties were bought out by so-called vulture funds, a story that broke in yesterday’s Sunday Business Post.

More than 100 families in Cruise Park in Tyrrelstown are set to lose their rental homes over a four-year period.

At the meeting tonight at Tyrrellstown Community Hall attended by residents and local politicians, Sinn Féin councillor Paul Donnelly called for the suspension of any eviction notices unless the tenants have alternative accommodation.

The national housing charity Threshold has committed to working with residents who are concerned about their future accommodation.

Ulster Bank sold an €89m loan it had on its books to a Goldman Sachs vulture fund.

Around two weeks ago tenants renting homes in the Cruise Park estate of Tyrrelstown began receiving letters informing them they had to leave. They were given between two and six months to vacate their homes.

The letters were sent from Twinlite, a property company owned by developers Michael and Richard Larkin.

The Goldman Sachs fund, Beltany Property Finance, purchased the loan that was secured on the development of 103 homes and over 153,000 square feet of commercial property by the Larkins.

In a statement, Twinlite said it acts as an asset manager to a number of properties owned by EPF plc. "EPF plc decided in late 2014 to exit the residential rental business, and Twinlite, acting as asset manager, put a plan in place to achieve this exit.

"This involves achieving vacant possession on a number of residential properties, prior to selling them, in order to generate the maximum value.

A number of anti Eviction Protest groups in Ireland are reportedly offering assistance to the Residence
as well as planning acts of CIVIL DISOBEDIENCE against the bank involved.

http://digital.ulsterbank.ie/