Housing Agency head believes affordable housing scheme is more sustainable in long run

€75m scheme to allow 2,000 people a year buy new homes criticised by opposition and ESRI as potentially driving up house prices

7th March, 2021
Housing Agency head believes affordable housing scheme is more sustainable in long run
John O’Connor, head of the Housing Agency: ‘The funding is recycled for future generations to get to a more sustainable model of affordable housing rather than giving away grants’

The government’s €75 million affordable housing scheme is “far better” than the first-time buyers’ grant, the head of the Housing Agency has said.

The scheme is designed to allow around 2,000 people a year to buy new homes by taking out a mortgage to cover most of the cost and then getting a repayable 30-year loan from the state to cover the rest.

But it has been criticised by opposition parties...

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