Decline of home ownership in Ireland will have 'very significant implications' for the State – Newstalk

The decline of home ownership in Ireland will have knock-on effects for the State as people get older, according to a housing expert.

This week, Housing Minister Darragh O’Brien will bring proposals to Cabinet calling for developers to set aside 20% of their properties for local authorities in the form of social and affordable housing.

Michelle Norris, Professor of Social Policy at UCD researching and teaching on housing policy and urban regeneration, said the news was a positive development.

However, speaking to Newstalk Breakfast with Susan Keogh, Professor Norris said that there will be implications for the State far beyond housing if people don’t own their own homes when they retire.

She explained that the affordable housing provision was suspended in 2014 and its resumption is now being proposed by Minister O’Brien.

“A similar provision was in place from 2000 until 2014 which allowed Government to take up to 20%

Continue reading this atricle at https://www.newstalk.com/news/decline-of-home-ownership-in-ireland-will-have-very-significant-implications-for-the-state-1181452