The Government’s new housing plan proposes that up to 50pc of future housing estates be reserved for first-time buyers, the Sunday Independent has learned. The plan also intends to tackle the controversial bulk sale of housing estates to in vestment trusts on what Government sources describe as a “density basis”. At present developments must provide for 10pc social housing and a further 10pc affordable housing. It is understood Mr O’Brien is proposing to amend the Affordable Housing Bill to increase the share of affordable housing to 20pc. In effect, therefore, between 60pc and 80pc of future developments would be reserved for social housing, affordable housing and first-time buyers.

Source: Irish Independent May 15, 2021 23:35 UTC