Part of the plan is the extension of the Vacant Property Refurbishment Grant.
A grant which allows homeowners of vacant properties to avail of up to €50,000 will be extended to include buyers who wish to rent out the building.
The Croi Coanithe Scheme provides funds to refurbish a property which has been vacant for two years.
Previously, the grant had only been to homeowners wishing to live in the building, but it will also be extended to include those who wish to rent the property.
Less than 40 applications for the scheme have been submitted to midlands local authorities, according to the latest figures from the Housing Department.
17 people have submitted an application in Offaly, 11 in Westmeath and just seven have applied in Laois.
Independent TD for Roscommon Galway, Denis Naughton says the extension should help the current rental market:
It's one part of a new €1 billion housing plan is due to be unveiled by cabinet this morning.
Also on the agenda is a scheme to provide up to €150,000 to developers or the Land Development Agency to build cost-rental homes.
It's expected development fees for infrastructure and water around new developments will also be waived in the short term.
Lecturer in Social Policy at Maynooth University, Dr Rory Hearne, doesn't believe it'll work:
Enterprise Department Confirms Over 80 Westmeath Jobs At Risk
Offaly Teacher Pays Tribute To Colleagues After Winning STEM Award
Asthma Society of Ireland Hold Workshop In Laois This Weekend
Laois TD Calls For Shorter Ambulance Deployment Distance
Uisce Eireann Publish Shannon Pipeline Consultation Submissions Report
70% Of Farming Families Lack Succession Plan
Mental Health Charity Triple Counselling Sessions After Citywest Protests
Westmeath Library To Close For Three Months From Today
Drug Usage On The Rise In The Midlands
Shannon Callows Farmers Demand Inclusion In Flood Management Group
Offaly Teachers Win National STEM Award
Appeal Lodged Against 600 Acre Laois Solar Farm Project
Government Funding To Benefit Midlands Historical Structures
Former GAA Referee Pleads Guilty To Indecent Assault
Laois TD Warns EU Plans Threaten Irish Neutrality
Almost One Million Cigarettes Seized In Offaly
Management Can Easily End Industrial Action - SIPTU
Westmeath Credit Union Manager Wins Lifetime Achievement Award
Midlands Readers Encouraged To Take Part in MS Readathon