US vulture fund purchase leaves 200 families facing eviction from homes

208 FAMILIES living in Tyrrelstown, west Dublin, are facing eviction from their homes after US investment firm Goldman Sachs purchased 208 rental properties at Cruise Park as part of a deal with an indebted property development company.

Notices were issued to the families, some of whom are social housing tenants, after Goldman Sachs purchased an €89million loan from Ulster Bank that indebted property development company Twinlite had secured.

Local Sinn Féin councillor Paul Donnelly says residents are “terrified” that they will be evicted:

“It's wrong and immoral to put people on the streets when you know these families have nowhere else to go. This is simply about profits,” he said.

He said the Department of Social protection and Fingal County Council need to move immediately to identify those at risk of homelessness and begin work immediately to provide whatever help they can.

Councillor Donnelly called for the incoming government to declare a housing emergency and move immediately towards building social and affordable housing.