Reacting to the Government\u2019s new affordable housing plan, Social Democrats spokesperson for Housing, Cian O\u2019Callaghan TD, said:<\/p>\n
\u201cRelying on the private sector for the provision of affordable housing is a broken model. The Shared Equity Scheme is more of the same old, failed, developer-led policymaking. We need a change of direction.<\/p>\n
\u201cThe private sector alone cannot deliver housing that is\u00a0genuinely affordable. New homes provided by private developers are sold at about twice the build cost. Under the Government\u2019s latest plans, the State will pay 30% of these inflated costs, which the\u00a0first-time buyers will end up repaying in years to come.<\/p>\n
\u201cIf we want homes that are truly affordable, the State must directly build them and sell or rent them at cost.<\/p>\n
\u201cOnly 18,000 homes were built this year \u2013 we need about twice that number. This will only happen if the State plays a direct, proactive role in the delivery of affordable homes.\u201d<\/p>\n
December 18, 2020<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Reacting to the Government\u2019s new affordable housing plan, Social Democrats spokesperson for Housing, Cian O\u2019Callaghan TD, said: \u201cRelying on the private sector for the provision of affordable housing is a broken model. The Shared Equity Scheme is more of the same old, failed, developer-led policymaking. We need a change of direction. \u201cThe private sector alone […]<\/p>\n","protected":false},"author":2,"featured_media":928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,7],"tags":[],"class_list":["post-1362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-press-release"],"acf":[],"yoast_head":"\n