SERIOUS concerns with Housing Minister Darragh O’Brien’s big plan for affordable housing have been formally raised by the Central Bank in a letter to TDs and senators. The Central Bank is warning that the proposal for a shared equity scheme could actually lead to an increase in house prices and may not increase construction rates. The Irish Independent previously reported on private concerns within the Central Bank relating to the shared equity element of the proposed Affordable Housing Bill. It has joined many other bodies in sounding an alarm that the plan could raise house prices. The letter was written to the Oireachtas Housing Committee in response to a request for views on Mr O’Brien’s Affordable Housing Bill.

Source: Irish Independent March 15, 2021 14:48 UTC