Development levies to be waived in bid to speed up housing supply

A senior source said this represents an “immediate way” to cut costs for developers, who claim building has become unviable due to the soaring cost of materials. Picture: Rui Vieira/PA Wire

Housing Minister Darragh O’Brien is set to temporarily waive residential development levies to cut costs for developers in a bid to urgently increase housing supply.

The Irish Examiner understands the minister will bring a memo to Cabinet with three key changes to accelerate tackling the housing crisis.