Frances Fitzgerald (Dublin Mid West, Fine Gael) | Oireachtas source

-----because supply will be a huge problem. We are taking a targeted and careful initiative. The goal is to ensure there will be a stable investment environment to protect the existing stock. We must protect the existing stock of rental accommodation. There is no point taking actions that will not protect that existing stock because if it is not protected people will have to leave that accommodation as it will be sold and they will be unable to stay in it. We simply must deal with that issue. These are targeted interventions to deal with the situation. Of course, other initiatives, including affordable housing, are also key to solving the housing problem and the money has been allocated to ensure they happen. There is a report today that already 18,000 houses have been built this year, which is ahead of all the predictions.

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