From July 2020 to August 2022 he served as
Minister of State at the Department of Enterprise, Trade and Employment with special responsibility for trade promotion. He resigned following revelations about his failure to declare property interests. In August 2022, online news platform
The Ditch reported that Troy had failed to declare his full business interests in the Register of Members Interests in line with the standard obligations of a TD. It was discovered that he had sold a property to
Westmeath County Council, of which he was previously a member, in 2018. Troy claimed that this failure was an error on his part. It was later discovered that Troy had failed to register the sale of a second property to
Longford County Council in 2019, and failed to declare an interest in a third house in
Mullingar in 2020. It subsequently emerged in an
RTÉ interview on 23 August 2022 that in all, he had 11 properties, nine of which he was renting out; he admitted he had failed to properly declare a property business he was involved in; and he was in receipt of income under the state-funded Rental Accommodation Scheme (RAS) for two properties. Around this time Troy had also spoken about increasing funding for that scheme. On 24 August, it was revealed that one of Troy's rental properties had no fire certificate. Later on 24 August, Troy resigned as a minister of state, insisting he had made genuine errors with his statutory declaration while saying he would not apologise for being a landlord. In a lengthy statement, he accepted the issue had now become a distraction for the coalition and the work his party was doing in the housing portfolio. He also criticised media coverage of the controversy. He said "I personally will not apologise for being a landlord. I bought my first house at the age of 20 as I went straight into a job after school, so I was in a position to purchase my first property then. I am not a person of privilege and I have not been brought up with a silver spoon in my mouth, I have worked for all I have." An investigation by
Standards in Public Office Commission found that the failure to declare some of Troy's interests was accidental, however his obligation to make these declarations were inadvertently but negligently breached. In January 2025, he was appointed as
Minister of State at the Department of Finance with responsibility for financial services, credit unions and insurance. In March 2025 in the
Dáil Éireann Register of Interests, he declared income as a landlord from eight properties in
Phibsborough in Dublin, and
Mullingar and
Ballynacargy in Westmeath. ==References==