Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

Deputy Doherty is right. We have to make sure this does not push up prices. That is why the ESRI rightly stated at the Oireachtas joint committee that the targeting of any market intervention is critical and that we must make sure we get this right. The key to getting it right is also what this Government is delivering after a lot of talk and promises over the years when nothing was ever delivered. It is the development of cost-rental solutions, which I believe should be central to addressing the housing crisis. The key benefit of these solutions as an intervention is that they intervene in the market to bring prices down. This approach is not developer-led; the housing is still retained in public ownership and it is social housing done in a new way. It is open to everyone. The shared equity scheme is being discussed and advanced with care to make sure it does not create further market pressures and price rises.

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