Yes, that's the plan according to what Phelan told Todd. It sounds like he fully intends to carry on living on the street with Eileen after the scam has run its course and Vinny has gone.
What I'm wondering is if Kate Oates sees Phelan as a long term character? I think when Stuart Blackburn brought him back the intention was for another short-term storyline with him as a panto villain, but the tone has definitely changed recently and it appears to me he's being softened. I don't know if I'm reading too much into some of the things he's said (such as loving Eileen) or not. :searchme: