The Croí Cónaithe Cities scheme will provide builders with between €25,000 and €144,000 per unit

It is hoped the help for builders will allow them to deliver affordable housing

The scheme, which proposes to pay developers €450 million to build apartment projects for purchase by individuals and families, not funds, was launched in 2021, but has been unable to proceed

Records reveal that property industry and banking sector lobbyists at a ‘stakeholder engagement meeting’ questioned the Croí Cónaithe scheme’s ‘ambitious’ timeline and raised concerns about overall demand for apartments

Property industry and banks helped design the scheme, which gives developers subsidies of between €25,000 and €144,000 per unit to build apartments

Serving as a safe haven for those fleeing Russia’s tyranny is the right thing to do and can bring economic benefits, but it’s heaping pressure on the government to address key structural deficiencies

No provision has been made in controversial scheme to make developers sell unsold apartments to state or reduce prices

New details of Croí Cónaithe scheme show that purchasers cannot be stopped from quickly reselling the homes with only a small clawback of the subsidy required