Some 30,000 homes are needed each year – but the Covid-19 construction shutdown is likely to see less than half that number completed, Housing Minister Darragh O’Brien has admitted.
Just 12,000 to 14,000 homes are expected to be completed this year, the minister said, speaking ahead of him bringing new legislation on affordable housing to Cabinet.
The Affordable Housing Bill will provide for the direct building of affordable homes by the State. It also includes plans for a cost rental scheme and a new shared equity scheme, which has been the subject of some criticism from the Opposition and the ESRI.
The legislation will require 10% social homes and 10% affordable homes in housing developments in every local authority area.
Speaking on RTÉ radio, Mr O’Brien said the new bill will deliver up to 6,000 affordable homes on State lands within four years.
He said that the first housing scheme under the Bill will open
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