Homeowners must accept values falling, state housing chief says

Bob Jordan, the head of the state Housing Agency, tells the Business Post that the government’s policies will address the crisis

Bob Jordan, head of the state Housing Agency. ‘Since the foundation of the state, governments have used every policy instrument available to promote homeownership.’ Picture: Fergal Phillips

The man charged with implementing key government housing policies has said homeowners have to accept that their house values will fall.

Bob Jordan, chief executive of the Housing Agency, said that people also needed to accept that new homes would be built in their area despite “genuine concerns” about resources.

Jordan, a former advisor to Simon Coveney when he was housing minister, said that there needed to be “intergenerational solidarity” from homeowners to younger people ...