{"id":1567,"date":"2021-05-04T09:38:39","date_gmt":"2021-05-04T08:38:39","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/governments-affordable-housing-bill-will-increase-house-prices\/"},"modified":"2021-05-04T09:38:39","modified_gmt":"2021-05-04T08:38:39","slug":"governments-affordable-housing-bill-will-increase-house-prices","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/governments-affordable-housing-bill-will-increase-house-prices\/","title":{"rendered":"Government&#8217;s Affordable Housing Bill will Increase House Prices"},"content":{"rendered":"<p><strong><em>Last week in one day, in one town, one vulture fund bought up three times more homes than the government\u2019s affordable scheme is going to deliver this year \u2013 across the entire country.<\/em><\/strong><\/p>\n<p>Housing Minister Darragh O\u2019Brien\u2019s Affordable Housing Scheme shows Fianna F\u00e1il is incapable of learning the lessons of history &#8211; the scheme is more of the same, failed, developer-led policy-making that characterised the Celtic Tiger era, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan TD.<\/p>\n<p>Deputy O\u2019Callaghan said,<\/p>\n<p>\u201cThe &#8216;shared equity&#8217; scheme will drive up house prices. It happened when the scheme was introduced in England and it will happen here. It is more of the same, failed, developer-led policymaking that characterised the Celtic Tiger era. We need an urgent change of direction.<\/p>\n<p>\u201cThe Central Bank, the Department of Public Expenditure and Reform and ERSI have raised serious red flags about the &#8216;shared equity&#8217; proposals. You have to ask why is the Minister for Housing not listening to their expert advice? We know big developers have been lobbying heavily for this scheme. Are they the only ones who have his ear?<\/p>\n<p>\u201cHigh house prices are not an accident. They are a direct result of government policy. This Bill should be renamed the Unaffordable Housing Bill.<\/p>\n<p>\u201cLast week in one day, in one town, one vulture fund bought up three times more houses than the government\u2019s affordable scheme is going to deliver this year &#8211; across the entire country.<\/p>\n<p>\u201cThe scale of the government\u2019s effort, and ambition, is tiny. If we want genuinely affordable homes, the State must directly build thousands of them and sell or rent them at cost.\u201d<\/p>\n<p>\u201cThe government is considering the Affordable Housing Bill at its cabinet meeting today and I am calling on all of the members of cabinet to halt the Minister for Housing\u2019s flawed plans. It\u2019s not too late for the &#8216;shared equity&#8217; scheme to be scrapped.\u201d<\/p>\n<p>4 May, 2021<\/p>\n<p>Ends<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week in one day, in one town, one vulture fund bought up three times more homes than the government\u2019s affordable scheme is going to deliver this year \u2013 across the entire country. Housing Minister Darragh O\u2019Brien\u2019s Affordable Housing Scheme shows Fianna F\u00e1il is incapable of learning the lessons of history &#8211; the scheme is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-1567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-housing-crisis","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government&#039;s Affordable Housing Bill will Increase House Prices - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/governments-affordable-housing-bill-will-increase-house-prices\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government&#039;s Affordable Housing Bill will Increase House Prices - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Last week in one day, in one town, one vulture fund bought up three times more homes than the government\u2019s affordable scheme is going to deliver this year \u2013 across the entire country. 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