Housing Minister denies price caps for affordable homes will be price targets for developers

Sinn Féin's Eoin O Broin said that "you have to be living in a different world to think €450,000 is affordable".

The Housing Minister has denied that regional price caps under the Shared Equity Scheme will be "price targets for developers".

Darragh O'Brien brought the Affordable Housing Bill 2021 to Cabinet, with the controversial scheme one of four proposed measures designed to address house prices across the country. The scheme will see €75m of Exchequer funds allocated to allow the Government to offer equity loans of up to 20% on new-build homes.