Dáil debates

Thursday, 28 January 2021

Response of the Department of Housing, Local Government and Heritage to Covid-19: Statements

 

4:25 pm

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

That is okay. I thank the Ceann Comhairle. The scheme is still being worked through. We are bringing forward several affordability measures. Approximately €468 million was allocated in budget 2021 in this regard, covering the serviced sites fund, the Rebuilding Ireland home loan scheme, the help-to-buy scheme, the shared equity scheme and the affordable rental scheme. We will publish the shared equity scheme. The Bill has been published. We will move forward with regulations.

I have been bemused by Sinn Féin Deputies trying to shoot down the scheme before they have even seen it. Perhaps they should look at equivalent or comparable schemes. My Department and I have looked at such schemes in other jurisdictions. The help-to-buy scheme in England increased housing supply by 14% and house price inflation has increased by less than 1%. We are negotiating through the scheme and working on it because we believe in home ownership. We believe in giving-----

Comments

No comments

Log in or join to post a public comment.