Link affordable housing to inflation: TD

THE affordable housing scheme, which helps lower income households to buy their own homes, should be linked to the inflation rate or to the price of an average house, according to Cork TD John Dennehy.

Calling for a major review of the scheme, he said there were critical factors affecting the scheme which needed to be urgently addressed.

Currently, a single person qualifies if their pre-tax income in the last tax year was 32,000 or less, and in the case of a two-income household, 80,000 or less.