Government 'considering possibility' of savings scheme to fund housing, says minister 

However, James Browne said it would not provide the level of finance to meet the amount of private monies needed for housing

Housing minister James Browne confirmed that alongside a possible savings scheme, Government will press ahead with changes to rent pressure zones, will expand renters' rights, and is looking to extend the remit of the Land Development Agency. Picture: Gareth Chaney

A State-led savings scheme to help finance housebuilding across the country is being considered by Government, the housing minister has confirmed.

In a significant change of policy, James Browne is examining the possible introduction of a scheme where the public could invest savings, with funds going towards the construction of homes.