Oireachtas Joint and Select Committees

Tuesday, 5 November 2019

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2019: Committee Stage

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

It goes back to the original design of the scheme, which provides broad support to help people buy their first property. It is also about creating a framework in which we will see an increase in supply of homes. While I would not make the case that the scheme is the key reason we have seen an increase in the number of homes being built in the State, as I could not stand over that, I believe it is contributing to that. According to the figures for housing supply during the lifetime of the scheme, the number of completions has doubled from 9,896 in 2016 to 18,000 in 2018, and this trend is set to continue.

I have acknowledged that means that just over 40% of those looking to access this scheme do not need the same level of financial support-----

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