Seanad debates
Tuesday, 27 February 2007
Order of Business
2:30 pm
Joanna Tuffy (Labour)
Some weeks ago I asked for a debate on affordable housing and what constitutes an affordable house. When it was announced by the Government around 1998, the original idea was that affordable housing could be bought at a cost approximating the expense of its construction. My local council has sold such houses for about 60% of the market value but more recently affordable housing is 70% or 80% of the market value. The price of so-called affordable homes is now over €300,000. It is becoming somewhat of a moveable feast and I would like the issue to be discussed.
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