Government announces new housing measure

The cabinet has approved the new Affordable Housing Bill after meeting this afternoon.

It will legislate for a shared equity scheme in houses, direct building of affordable houses by local authorities and the development of cost-rental accommodation. Price caps will also be set on what's deemed affordable - with Dublin City the highest limit at 450-thousand euro for a home. Housing Minister Darragh O'Brien has said the upper limits are not a goal for developers to try to reach