Housing
Exclusive: McGrath warned government ‘can’t reach 50,000 homes’ target without investment funds
Officials led by John McCarthy, the chief economist at the Department of Finance, said a ‘new housing model’ with private capital at the core of it was needed
The government’s target to build 50,000 homes per year can only be met through increased private capital from investment funds, Michael McGrath has been warned by his own officials.
The government needs a “new housing model” that can attract “private capital at significant scale” if it’s to reach its ambitious target of building 50,000 homes a year, the Department of Finance’s economics unit, led by chief economist John McCarthy has said.
The stark assessment, contained ...
