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Scheme Launched To Cut Cost Of Building New Homes

Thursday, 20 April 2023 11:41

Developers could receive grants of up to €150,000 per building.

A scheme to make the building of affordable and cost-rental housing more attractive is being launched.

Developers could receive grants of up to €150,000 per building in an effort to subsidise high costs.

The Irish Independent reports senior ministers and officials are "locked in confidential talks."

Director General of the Construction Industry Federation and Coolderry's Tom Parlon says talk of incentives is well over-due:

Mr. Parlon says with the right incentives, there is the manpower to build new homes:

Read More: 14 New Midlands Homes Get The Green Light

Meanwhile, Sinn Fein says the Government's 'help-to-buy' housing schemes should be scrapped and funds diverted to boost the supply of affordable homes instead.

The party is tabling a motion to shelve the Shared Equity Loan scheme and the so-called Help-to-Buy Scheme.

Sinn Fein's Housing Spokesperson, Eoin O'Broin, says the scheme is money badly spent:

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