O’Brien plans ‘backstop’ for developers and tax cuts for small landlords

Minister for Housing says budget measures would see state buy unsold apartments and use them for cost rental housing

Darragh O’Brien, Minister for Housing, said that putting in place a ‘cost rental backstop’ on top of the €450 million Croí Conaithe scheme would help developers to get funding. Picture: Fergal Phillips

Tax breaks for small landlords and a “backstop” for developers who cannot sell new-build apartments are set to form part of a budget package bidding to tackle the housing crisis.

Darragh O’Brien, the Minister for Housing, told the Business Post that he is now working on a “backstop” which would involve the state buying any apartments developers cannot sell on the open market and using them for cost rental housing.

It forms part of a ...