Affordable housing - Another bill for taxpayers

AS a metaphor for our time it’s perfect.

A local authority intervenes to provide housing for first time buyers at the height of our madness but because of the banking collapse up to 800 affordable homes remain unsold and the local authority — Cork County Council — is left with a debt of €116 million.

The Affordable Housing Partnership has been left with more than 1,100 empty units around the country.