This will apply to the shared equity scheme where the State would take a stake of up to 30% in a home to keep the price affordable.The cap for Dublin city and Dún Laoghaire could be set at €450,000.
The legislation will require 10% of social homes and 10% of affordable homes in housing developments in every local authority area.Mr O'Brien said the bill was unanimously agreed by Cabinet and the next step will be to publish it in its entirety and to quickly implement it. He said that in the context of increased costs for building supplies and labour as many construction workers have gone abroad, "introducing the shared equity scheme, which we know will increase prices further is a major mistake".
He said houses are being built by Ó Cualann housing for between €160,000-€260,000 for three-bed semi- detached houses, "that's the sort of affordability that would be within reach for a lot of people rather than these price caps".
From 250000 to 500000 euros affordable house 🤣🤣🤣. You have to realize what this means
6000 houses in 4 years is pathetic
6000 houses in 4years 😂😂 Hamburg built ...10,000 Apartments ( Yes i know not houses ) in ... correct 1 year ,and this is a city of 1.8million not a country !
Too little to late
When we hadn't a 'pot to p in' Ballyfermot, Tallaght, Finglas, Coolock etc were built and Everybody that was entitled to a home was able to avail! We need to go back there! This IS what afordable housing is!
Be better if they stopped institutional investors buying up housing estates as just happened in Maynouth
They’ve made an absolute balls of this. A year later and this is what they come up with. FineGael and fiannafailparty have failed 20 and 30 somethings badly. Huge opportunity for sinnfeinireland and SocDems
Who is making up these caps? The retail build cost for these size houses in a development would be approximately €150 per square foot. For 1100 sq ft house €165k. Somebody is profiteering at the expense of first time buyers. Use government owned land for new houses would help.
So, affordablehousing or not affordable housing, that is the question. naehomelessness NAAhq adequatehousing
But not stop investment companies buying up new housing estates. Token legislation.
A cap of 400,000 euro in Galway. Median salary is 36,000 euro. When a mortgage is almost 12 years of wages (before tax or bills), it's absolutely fucking ridiculous to call this ''affordable housing''
In other words they've set minimum target prices for their Developer buddies yet again.
'Cap the price of affordable housing at unaffordable prices' Fixed it for you.
Waffle. EOBroin and sinnfein are going to take them to the cleaners.
Spoofer of the highest order on a day when vulture funds have bought a swathe of newly built homes that will never see ownership by Irish citizens.
An utter disgrace .
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IrishMirror - 🏆 4. / 98 Read more »