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
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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No independent valuation for €2k social housing rents
Dún Laoghaire-Rathdown County Council signed 25-year lease on 87 Dundrum apartments for use as social housing without seeking opinion other than developer’s on rent levels
Over 75% of new social homes are bought or leased from builders
Building of public housing by local authorities has dwindled to nearly non-existent levels in our biggest cities, official figures show
Eoin Ó Broin: When it comes to social homes, those costly old habits die hard
Turnkey developments, built by private developers and bought by the state, are the single most expensive way to provide social housing. So why are most of our social homes built in this way?
Developers reap healthy profits while claiming housebuilding is not lucrative
Astra Construction posted a thirteenfold increase in after-tax profits between 2018 and 2019, while Park Developments saw a €14.8m profit over 18 months