To ask the Minister for Social Development for an update on the work of the Housing Repossessions Taskforce in addressing the impact of negative equity.

The work of the Housing Repossession Taskforce will be time bound and completed in two phases. The findings from the first phase were published in July, which are now informing the second phase of developing evidence-based recommendations for potential mitigating actions. I am pleased to advise that the Taskforce is making strong progress in the completion of this options phase. While a final report will be published by the end of this year, where possible, the Taskforce will endeavour to expedite the implementation of any recommendations.