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
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 ...